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COLUMN A COLUMN B 1.1.1 The tenant has paid R45 500, which includes rent | A Materiality for one month of the following year. Only R42 000 is recorded in the Income Statement. 1.1.2 Although the cost prices

asked Nov 28, 2022 106k views

COLUMN A

COLUMN B
1.1.1 The tenant has paid R45 500, which includes rent | A Materiality
for one month of the following year. Only
R42 000 is recorded in the Income Statement.
1.1.2 Although the cost prices of the stock items are B Prudence
fluctuating the stock is recorded at cost,
assuming that it will be sold some time in future
1.1.3 The partners' salaries must be reflected
Matching
separately from salaries and wages
1.1.4 Land and building is recorded at the original D Going-
B purchase price of RI 200 000
concern
1.1.5 Money lost due to theft of stock is written off even | E historical cost
though there is a possibility that it may be
recovered in future
A recovered in future

Humayoon Siddique asked

by Humayoon Siddique

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