Waec Model Questions Vol1 2018 Financial Accounting Question 24
Practice objective / multiple choice question 24 from the 2018 Waec Model Questions Vol1 Financial Accounting examination.
A business purchases a machine for ₦500,000 on 1 January and immediately expenses the entire amount in the profit‑and‑loss account. Which fundamental accounting concept is violated by this treatment?
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About This Question
This is Waec Model Questions Vol1 2018 Financial Accounting Question 24. It is one of the objective questions from the 2018 Waec Model Questions Vol1 Financial Accounting examination.
Difficulty level: Easy .
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