Accounting Concepts Unit 2 Quiz
Select the correct accounting concept to be used in the following circumstances
- Created by: Holly
- Created on: 06-06-10 11:43
Other questions in this quiz
2. A customer is expected to place a substantial order worth £8800 next month
- Consistency
- Realisation
- Business entity
3. A regular customer who owes £2720 has just gone into liquidation
- Materiality
- Accruals
- Prudence
- Business Entity
4. Audrey puts some of her home telephone bill on the business profit and loss account, as she regularly uses her home telephone to ring clients.
- prudence
- accruals
- business entity
- materiality
5. Wages outstanding at the end of the financial year: £362
- Accruals
- Consistency
- Materiality
- Going concern
Comments
Report
Report