Day: February 23, 2023

A company changes from the straight-line method of depreciation to the reducing balance method.

Which accounting principle has not been applied?

Select ONE answer:

1. consistency
2. going concern
3. historic cost
4. materiality

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 1

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

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