Day: June 3, 2021

A company does not include the value of skills gained by its employees from training programmes in its financial statements. 

Which accounting principle is being applied?

Select ONE answer:

1. consistency
2. materiality
3. money measurement
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 3

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

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