O-LevelAccountingAccounting principles and policies7707/11 · May/June 2025 · Q341 Mark

A business does not record the skills or morale of its employees in its financial statements. Which accounting principle is being applied?

Ahistoric cost

Bmateriality

Cmoney measurement

Drealisation

✓ Correct answer

C: money measurement

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Topic: Accounting principles and policies, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, May/June 2025 Paper 1 Variant 1, question 34.

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