Accounting for IGCSE & O level - Accounting Procedures (Section 27 - No. 10)
Which events will give a more accurate view of profit?
When expenses are recorded correctly.
When revenue is recorded correctly.
When depreciation has been calculated accurately.
When the owner invests more in the business
Explanation
By recording revenue and expenditure, a better idea of how the business is performing can be gained.
Comments (0)
