Day: November 3, 2020

Accountants prefer the commercial reality of a transaction to a strictly legal approach.

This is an example of…?

Select ONE answer:

1. consistency.
2. materiality.
3. prudence.
4. substance over form.

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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