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Cambridge IGCSE Accounting

7Accounting concepts and modern practice

Accounting concepts and modern practice in Cambridge IGCSE Accounting: what the syllabus expects you to know, the learning objectives and how to practise.
Topic75 practice questions4 lessons
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Lessons

  • Applied accounting concepts: matching, prudence, consistency, materiality and realisation

    40 min

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  • Foundation accounting concepts: entity, duality, money measurement, historic cost and going concern

    35 min

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  • Business and professional ethics in accounting

    35 min

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  • Storing accounting data safely and sustainably

    25 min

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Sample question

A sample question on this topic. Answer it, check it, then read the worked answer.

Accounting concepts and modern practice: sample question

1 mark

Inventory that cost US$1,800 can now be sold for only US$1,100 because it is damaged. It is valued at US$1,100. Which concept is being applied?

Choose one answer

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