Neco 2019 Financial Accounting Question 12

Practice objective / multiple choice question 12 from the 2019 Neco Financial Accounting examination.

Neco 2019 Financial Accounting Objective / Multiple Choice Easy Difficulty
Question 12 NECO • 2019 • FINANCIAL_ACCOUNTING • objective

According to fundamental accounting concepts, which concept is violated when a business records the purchase of a delivery van for \( \text{₦}500,000 \) as Sales Revenue?

Answer Options

A. Matching Principle
B. Historical Cost Principle
C. Going Concern
Correct Answer D. Revenue Recognition
Correct Answer
D
Correct Option:
Revenue Recognition

About This Question

This is Neco 2019 Financial Accounting Question 12. It is one of the objective questions from the 2019 Neco Financial Accounting examination.

Difficulty level: Easy .

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