Page 134 - CAPE Financial Services Syllabus Macmillan_Neat
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FINANCIAL SERVICES STUDIES
UNIT 1 - PAPER 02
KEY AND MARK SCHEME
prepaid expenses in order to match them with the revenue earned
in future periods. (1) Similarly, accrued expenses are charged
in the income statement in which they are incurred to match
them with the current period's revenue. (1)
1 mark for naming point; 2 marks for explanation up to a
maximum of 12 marks.
