“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:Principle Of Account ACC 121 Past QuestionsThe principle of insurance that demands that the…Citizen compliance with tenets of the Nigerian…URP 304 Principle of Valuation Past QuestionsThe principle that public servants cannot be held…