Day: August 23, 2024

Which of the following accounting treatments derive from the accounting concept of accruals / matching?

(1) Write down of a non-current asset which has suffered a fall in value
(2) Opening and closing inventory adjustments
(3) Capitalisation and amortisation of development expenditure

Select ONE answer:

1. (1) and (2)
2. (3) Only
3. (2) and (3)
4. (1) Only

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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