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IB08 11045201/RP UCLES 2008 Turn over A business has the following assets and liabilities. buildings 30 000 plant and machinery 10 000 creditors debtors prepayments bank overdraft What is the capital A B 29 900 33 900 C 34 100 D 49 900 A business purchases a motor vehicle on credit. Matching prudence realisation What is the meaning of the consistency principle Accounts should provide for all accruals and prepayments. It is to be depreciated at 40 per annum using the reducing balance method....

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