Neco Model Questions Vol1 2020 Financial Accounting Question 12

Practice objective / multiple choice question 12 from the 2020 Neco Model Questions Vol1 Financial Accounting examination.

Neco Model Questions Vol1 2020 Financial Accounting Objective / Multiple Choice Easy Difficulty
Question 12 NECO_MODEL_QUESTIONS_VOL1 • 2020 • FINANCIAL_ACCOUNTING • objective

State the accounting concept that requires expenses to be recognised in the same accounting period as the revenues they help generate.

Answer Options

A. Accrual concept
B. Consistency concept
C. Revenue concept
Correct Answer D. Matching concept
Correct Answer
D
Correct Option:
Matching concept

About This Question

This is Neco Model Questions Vol1 2020 Financial Accounting Question 12. It is one of the objective questions from the 2020 Neco Model Questions Vol1 Financial Accounting examination.

Difficulty level: Easy .

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