Post Utme Wellspring University 2024 Commerce Question 23

Practice objective / multiple choice question 23 from the 2024 Post Utme Wellspring University Commerce examination.

Post Utme Wellspring University 2024 Commerce Objective / Multiple Choice

Question 23 POST_UTME_WELLSPRING_UNIVERSITY • 2024 • COMMERCE • objective

A company'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

Correct Answer A. The matching principle

B. The revenue recognition principle

C. The cost principle

D. The going concern principle

Correct Answer

Correct Option:

The matching principle

About This Question

This is Post Utme Wellspring University 2024 Commerce Question 23. It is one of the objective questions from the 2024 Post Utme Wellspring University Commerce examination.

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