Accounting 0452 · IGCSE · Accounting principles

Accounting principles — practice question

Manvinder set up a business and deposited a cheque for $1000$ into a business bank account. He entered this in the business records by debiting the bank account and crediting the capital account. Which accounting principles did he apply?

  • Abusiness entity and duality
  • Bbusiness entity and going concern
  • Cgoing concern and matching
  • Dmatching and duality

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