The cost of insuring the owners personal motor vehicle was not included in the income statement of

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The cost of insuring the owner’s personal motor vehicle was not included in the income statement of the business. Which accounting principle was applied?

A. Business entity

B. Going concern

C. Money measurement

D. Prudence

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Cambridge IGCSE And O Level Accounting Coursebook

ISBN: 9781316502778

2nd Edition

Authors: Catherine Coucom

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Question Posted: Sep 15, 2021 05:53 AM

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The cost of insuring the owners personal motor vehicle was not included in the income statement of

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D Prudence The principle of prudence also known as the conser...View the full answer

Cambridge IGCSE And O Level Accounting Coursebook

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