Gce Model Questions Vol1 2021 Financial Accounting Question 49

Practice objective / multiple choice question 49 from the 2021 Gce Model Questions Vol1 Financial Accounting examination.

Gce Model Questions Vol1 2021 Financial Accounting Objective / Multiple Choice Easy Difficulty
Question 49 GCE_MODEL_QUESTIONS_VOL1 • 2021 • FINANCIAL_ACCOUNTING • objective

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

Answer Options

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

About This Question

This is Gce Model Questions Vol1 2021 Financial Accounting Question 49. It is one of the objective questions from the 2021 Gce Model Questions Vol1 Financial Accounting examination.

Difficulty level: Easy .

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