Accounting Multiple Choice Question – 1 November 2020

The accountant of a computer software business has decided not to include subscriptions owing by customers in the Balance Sheet at the year-end.

Which accounting concept is being applied?

Select ONE answer:

1. accruals
2. going concern
3. money measurement
4. prudence

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 4

1. Not correct
2. Not correct
3. Not correct
4. Correct

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