Waec Model Questions Vol1 2024 Financial Accounting Question 24

Practice objective / multiple choice question 24 from the 2024 Waec Model Questions Vol1 Financial Accounting examination.

Waec Model Questions Vol1 2024 Financial Accounting Objective / Multiple Choice Easy Difficulty
Question 24 WAEC_MODEL_QUESTIONS_VOL1 • 2024 • FINANCIAL_ACCOUNTING • objective

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

Answer Options

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

About This Question

This is Waec Model Questions Vol1 2024 Financial Accounting Question 24. It is one of the objective questions from the 2024 Waec Model Questions Vol1 Financial Accounting examination.

Difficulty level: Easy .

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