Select the accounting concept to be used in the following circumstances:
(a) Wages outstanding at the end of the financial year: £362.

■ Accruals
■ Consistency
■ Materiality
■ Going concern

(b) A fixed asset costs £10,000. It is expected to have a life of 10 years with no residual value.

Depreciation is to be charged at £1,000 per annum.

■ Accruals
■ Business entity
■ Materiality
■ Prudence

(c) A customer is expected to place a substantial order worth £8,800 next month.

■ Realisation
■ Business entity
■ Consistency
■ Realisation

(d) A regular customer who owes £2,720 has just gone into liquidation.

■ Accruals
■ Business entity
■ Materiality
■ Prudence

(e) Audrey puts some of her home telephone bill on the business profit and loss account, as she regularly uses her home telephone to ring clients.

■  Accruals
■ Business entity
■ Materiality
■ Prudence