Accounting 0452 · IGCSE · Accounting principles

Accounting principles — practice question

‘Revenue should be recognised only once the legal title of goods and services passes from the seller to the buyer.’ Which accounting principle is being referred to by this statement?

Agoing concern
Bmatching
Cmoney measurement
Drealisation

Worked solution & mark scheme

This 1-mark question has a full step-by-step worked solution and mark scheme.

Full mark scheme, point by point
Step-by-step worked solution
Write your answer & get it marked instantly by AI