Question on: WAEC Accounting - 2014
Use the information to answer the question given.
\(\begin{array}{c|c} \text{Branch stock account (at selling price)} & D346,000 - debit \ \text{Branch mark-up account} & D62,000 - credit \end{array}\)
The concept applied in calculating the stock figure to be included in the balance sheet at the year end is
\(\begin{array}{c|c} \text{Branch stock account (at selling price)} & D346,000 - debit \ \text{Branch mark-up account} & D62,000 - credit \end{array}\)
The concept applied in calculating the stock figure to be included in the balance sheet at the year end is
A
matching
B
consistency
C
prudence
D
entiti
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Correct Option: A
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