Day: February 2, 2023

FRS 18 is an accounting statement that describes certain accounting policies including

1. accruals
2. consistency
3. going concern
4. prudence.

Which two accounting policies must be applied in the preparation of published accounts?

Select ONE answer:

1. 1 and 2
2. 1 and 3
3. 2 and 3
4. 2 and 4

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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