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Exam-style practice

Accounting principles answer explanations

Review worked answers and explanations for Accounting principles. Aligned to Cambridge IGCSE Accounting.

Answer explanations

Question 1 of 2

Review the answer support, then move sideways through the set.

Paper 2 structured question: Accounting principles

Paper 2Structured Written Paper2 marks

Description

Accounting Principles

The company must adhere to various accounting principles such as matching, historic cost, and prudence when preparing its financial statements.

  1. a

    Explain the importance of the matching principle in financial reporting.

    [2]