Accounting 0452 · IGCSE · Accounting principles

Accounting principles — practice question

Antionette chooses to record a calculator purchased for her large business as an expense rather than as a non-current asset, even though it is expected to be used for several years. Which principle did Antionette use when deciding to account for the calculator as an expense?

  • Aduality
  • Bhistoric cost
  • Cmateriality
  • Dmoney measurement

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