RICHFIELD Search Modules Resources Bursaries and Graduate Programme on 18 Which accounting concept needs to take precedence when accounting for the cost of advertising which is expected to significantly enhance the sales in future years? ered ed out of 9 question Select one: O a. Consistency concept O b. Matching concept O c Neutrality concept d. Prudence concept tion 19 After reporting the profit for the year it is found that R13 200 of stationery reported as an asset by the year end has in fact been fully used. The effect of the correction of this error would be Set ered ed out of ag question Select one: ea the gross profit will remain unchanged but net profit will decrease by R13 200 b. the gross profit would decrease by r13 200 but net profit would remain unchanged c. the gross profit as well as net profit would both increase by 113 200 d the gross profit and net profit would both decrease by 113 200