QUESTION 16 The cost principle is concerned with: O a Valuing long-lived assets at their current majnkbjkontket value rather than at cost Ob Recording items in the accounting records at their historical cost O c. Matching the cost of items with the related sales revenue Od Setting menu prices at a certain mark-up over cost QUESTION 13 Which of the following will not be recorded in the book of an Account buy of Goods Ob Quality of staff Oc Sales of products Od Payment of rent