Accounting 0452 · IGCSE · Accounting principles

Accounting principles — practice question

In what way can a business follow the accounting principle of prudence?

  • Aassets: avoid overstating; losses: avoid overstating
  • Bassets: avoid overstating; losses: avoid understating
  • Cassets: avoid understating; losses: avoid overstating
  • Dassets: avoid understating; losses: avoid understating

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