Which of the following statements is incorrect? (a) The non-aggregation rule is applied when comparing cost and

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Which of the following statements is incorrect?
(a) The non-aggregation rule is applied when comparing cost and net realisable value of inventory
(b) Non-current assets are depreciated to comply with the matching concept
(c) Comparability of financial statements is impaired unless the consistency concept is applied
(d) A transaction is accounted according to its legal form rather than its commercial substance

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Financial Accounting An Introduction

ISBN: 9780273737650

2nd Edition

Authors: Mr Barry Elliott, Mr Augustine Benedict

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