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3 marksAccounting Concepts and the Accounting Cycle

CSEC Principles of Accounts · May/June 2016 · Paper 2 · Question 3(d)

Identify the accounting concept or principle violated in each of the three given situations.

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Other parts of this question

  1. 3(a)(i)Prepare Grenade's updated Cash Book as at 30 September.[9 marks]
  2. 3(a)(ii)Prepare Grenade's Bank Reconciliation Statement for the month of September.[4 marks]
  3. 3(b)List TWO bank statement items which would be used to adjust the net income if net income was calculated before the bank statement was received.[2 marks]
  4. 3(c)List ONE internal user and ONE external user of accounting information.[2 marks]

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