“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:Electrical Power Principle EEE 407 Past QuestionsConcealment of information considered to be material…URP 309 Principle of Land Surveying Past QuestionsThe principle of utmost good faith allows the insured?Citizen compliance with tenets of the Nigerian…