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O-LevelAccountingAccounting principles and policies7707/11 · May/June 2011 · Q291 Mark

An international company has prepared financial statements without including very small items of furniture in its non-current assets. Which accounting principle has the company applied?

Aaccounting entity
Bdual aspect
Cgoing concern
Dmateriality

✓ Correct answer

D: materiality

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About this question

Topic
Accounting principles and policies, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source
O-Level Accounting, May/June 2011 Paper 1 Variant 1, question 29.

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