Post Utme Futo 2020 Commerce Question 7

Practice objective / multiple choice question 7 from the 2020 Post Utme Futo Commerce examination.

Post Utme Futo 2020 Commerce Objective / Multiple Choice
Question 7 POST_UTME_FUTO • 2020 • COMMERCE • objective

A bank's financial statements are prepared in accordance with the Generally Accepted Accounting Principles (GAAP). Which of the following is a key principle of GAAP?

Answer Options

A. Accounting entity principle
B. Going concern principle
Correct Answer C. Matching principle
D. Materiality principle
Correct Answer
C
Correct Option:
Matching principle

About This Question

This is Post Utme Futo 2020 Commerce Question 7. It is one of the objective questions from the 2020 Post Utme Futo Commerce examination.

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