Waec Model Questions Vol1 2019 Financial Accounting Question 14

Practice objective / multiple choice question 14 from the 2019 Waec Model Questions Vol1 Financial Accounting examination.

Waec Model Questions Vol1 2019 Financial Accounting Objective / Multiple Choice Easy Difficulty
Question 14 WAEC_MODEL_QUESTIONS_VOL1 • 2019 • FINANCIAL_ACCOUNTING • objective

State the accounting concept that requires expenses to be recognised in the same accounting period as the revenues they help generate.

Answer Options

A. Conservatism principle
Correct Answer B. Matching principle
C. Consistency principle
D. Revenue recognition principle
Correct Answer
B
Correct Option:
Matching principle

About This Question

This is Waec Model Questions Vol1 2019 Financial Accounting Question 14. It is one of the objective questions from the 2019 Waec Model Questions Vol1 Financial Accounting examination.

Difficulty level: Easy .

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