"Transactions are governed by legal principles, but ...
"Transactions are governed by legal principles, but are nevertheless accounted for and presented in accordance with the substance and financial reality". This is in compliance with the principle of
substance over form
prudence
objectively
materiality
Correct answer is D
No explanation has been provided for this answer.
The transactions of All Girls' Social Club for the year 2021 are as follows: Bar sales D 30,0...
The cost of goods returned by branch to head office is debited ...
The trader's capital in a single entry system is ascertained by preparing ...
When goods are sold for cash the credit entry goes to the ...