The statement of cash flows
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To include all income in the period in which it is earned and to avoid anticipating profit are examples of which accounting principles and conventions?
Prudence and Realisation
correct
incorrect
Accruals and Consistency
correct
incorrect
Accruals and Realisation
correct
incorrect
Going Concern and Prudence
correct
incorrect
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To ensure that all information that could influence users' decisions is included in financial statements and to keep all personal and business transactions separate are examples of which accounting principles and conventions?
Materiality and Business Entity
correct
incorrect
Dual Aspect and Business Entity
correct
incorrect
Materiality and Money Measurement
correct
incorrect
Prudence and Business Entity
correct
incorrect
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To adopt a cautious approach in the production of figures in financial statements and to recognize that each accounting transaction has a double effect on the amounts stated in financial statements are examples of which accounting principles and conventions?
Realisation and Dual Aspect
correct
incorrect
Realisation and Money Measurement
correct
incorrect
Prudence and Historic Cost
correct
incorrect
Prudence and Dual Aspect
correct
incorrect
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To present the same piece of information in the same way in the financial statements each year and to measure assets and liabilities at their original cost are examples of which accounting principles and conventions?
Realisation and Historic Cost
correct
incorrect
Consistency and Historic Cost
correct
incorrect
Consistency and Realisation
correct
incorrect
Prudence and Dual Aspect
correct
incorrect
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To present the financial statements on the basis that an entity will continue in existence for the foreseeable future and to prepare financial statements on a regular basis are examples of which accounting principles and conventions?
Historic Cost and Materiality
correct
incorrect
Consistency and Periodicity
correct
incorrect
Going Concern and Money Measurement
correct
incorrect
Going Concern and Periodicity
correct
incorrect
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To include all expenditure in the period in which it is incurred and to present all the figures in financial statements in units of currency are examples of which accounting principles and conventions?
Prudence and Money Measurement
correct
incorrect
Accruals and Money Measurement
correct
incorrect
Going Concern and Money Measurement
correct
incorrect
Accruals and Historic Cost
correct
incorrect
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