Day: April 27, 2022

A business has a practice of not conducting a physical count of unused stationery at the year end.

Which accounting concept has been applied for this practice?

Select ONE answer:

1. matching
2. materiality
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 2

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

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