Accounting 0452 · IGCSE · Accounting principles

Accounting principles — practice question

Which action shows the materiality principle being applied?

  • Aalways using the straight-line method when depreciating assets
  • Bbuying raw materials on credit rather than paying immediately
  • Ccharging the cost of light bulbs and batteries to general expenses
  • Drecording goods sold only when their legal title passes to the buyer

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