A trader has included rent which is due but not paid in his Profit and Loss Account.

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A trader has included rent which is due but not paid in his Profit and Loss Account. Which accounting concept has been applied?

A. Historic cost

B. Matching

C. Money measurement

D. Prudence

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Accounting A Level And AS Level

ISBN: 9780521539937

1st Edition

Authors: Harold Randall

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Question Posted: Aug 27, 2023 09:04 AM

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A trader has included rent which is due but not paid in his Profit and Loss Account.

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D Prudence Explanation The accounting concept of prudence states that you should anticipate possib...View the full answer

Accounting A Level And AS Level

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