Question 1 (12) Match each statement listed in Column A with the concepted in column that you believe Write down only the number of each statement and next to the letter of the concept Escample: 113 Column A Column B A Matching Historic cost 1.1 A loan that is not repayable within the next 12 months An expense of R2 500 was omitted in the accounting records of a company 12 with a turnover of R80 million An element of a statement of financial position that can be converted into 1.3 cash within less than one year A debt has been written off as irrecoverable even though the debtor is not c IFRS 14 Non-currentford D insolvent yet. E Debtor F G H Equity Tangibles Materiality This is a non-current asset which has a physical appearance, it can be 1.5 touched 16 A person or institution who owes the business money 17 Goods taken for the personal use of the owner 1.8 Represents the value of the business An entity acquires assets with the intention of employing them for the 1.9 continuation of the entity's operations and they will not be disposed of immediately The property owned by a business and which it can sell for R1,8 million 1.10 shown at its original cost price of R850 000 in the statement of financial position These principles make it possible to compare the financial results of different 1.11 businesses, including international entities: Current Non-current liability K Prudence A company has R50 000 of sales in April and will pay the relating sales 1.12 commission of R5 000 in May, but records the expense of R5 000 for sales commission in the April statement of comprehensive income. L Drawing