The cost of insuring the owners personal motor vehicle was not included in the income statement of
Question:
The cost of insuring the owner’s personal motor vehicle was not included in the income statement of the business. Which accounting principle was applied?
A. Business entity
B. Going concern
C. Money measurement
D. Prudence
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D Prudence The principle of prudence also known as the conser...View the full answer
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Related Book For
Cambridge IGCSE And O Level Accounting Coursebook
ISBN: 9781316502778
2nd Edition
Authors: Catherine Coucom
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