The balances in a sales ledger total $16 000. A debtor who owes $800 is known to

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The balances in a sales ledger total $16 000. A debtor who owes $800 is known to be in financial difficulty. The figure of debtors shown in the Balance Sheet is $15 200. Which concept has been applied?

A. Matching

B. Prudence

C. Realisation

D. Substance over form

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Accounting A Level And AS Level

ISBN: 9780521539937

1st Edition

Authors: Harold Randall

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Question Posted: Aug 27, 2023 09:04 AM

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The balances in a sales ledger total $16 000. A debtor who owes $800 is known to

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The correct answer is B Prudence Explanation The concept of prudence in accounting refers to the con...View the full answer

Accounting A Level And AS Level

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