Question 31

"Transactions are governed by legal principles, but are nevertheless accounted for and presented in accordance with the substance and financial reality". This is in compliance with the principle of

  • A.substance over form
  • B.prudence
  • C.objectively
  • D.materiality
Objective

Question details

Exam body
WAEC
Subject
Accounts - principles of accounts
Year
2005
Question no.
#31
Type
Objective

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