Waec Model Questions Vol1 2023 Financial Accounting Question 8

Practice objective / multiple choice question 8 from the 2023 Waec Model Questions Vol1 Financial Accounting examination.

Waec Model Questions Vol1 2023 Financial Accounting Objective / Multiple Choice Easy Difficulty
Question 8 WAEC_MODEL_QUESTIONS_VOL1 • 2023 • FINANCIAL_ACCOUNTING • objective

Which fundamental accounting concept requires that expenses be recognised in the same accounting period as the revenues that they helped generate?

Answer Options

A. Consistency concept
Correct Answer B. Matching concept
C. Revenue recognition concept
D. Historical cost concept
Correct Answer
B
Correct Option:
Matching concept

About This Question

This is Waec Model Questions Vol1 2023 Financial Accounting Question 8. It is one of the objective questions from the 2023 Waec Model Questions Vol1 Financial Accounting examination.

Difficulty level: Easy .

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