“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 by Sunday | Jun 4 | Accounting WAEC | 0 comments A. substance over form B. prudence C. objectively D. materiality Correct Answer: Option D D. materiality Users Also Read These:ACC 111 Past Questions Principle Of AccountThe principle of comparative cost advantage was…Concealment of information considered to be material…The principle of insurance that demands that the…URP 304 Principle of Valuation Past Questions