Accounting Multiple Choice Question – 26 February 2022

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

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The employees of a successful Staffordshire company are skilled and efficient.

Although they are regarded as a human asset of the company, no value for them has been recorded in the financial statements of the business.

Which accounting concept has been applied?

Select ONE answer:

  1. Duality
  2. Money measurement
  3. Realisation
  4. Business Entity

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 2

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

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