Multiple Choice
At the end of the accounting period the value of the entity's building rises by £10,000, however, the £10,000 is not included in the income for the period. This 'non' adjustment is in accordance with the following concept:
A) Realisation
B) Consistency
C) Accruals
D) Materiality
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q6: The accounting concept which tends to understate
Q7: Changing the valuation of inventory from LIFO
Q8: At the end of the accounting period
Q9: Which of the following is not an
Q10: Inventory not sold in one period, should
Q11: Substance over form was first introduced in
Q12: The historical cost convention<br>A) fails to take
Q13: Which of the following is not an
Q14: Sales revenue should be recognised when goods
Q15: Which of the following is not a