Neco Model Questions Vol1 2021 Financial Accounting Question 13

Practice objective / multiple choice question 13 from the 2021 Neco Model Questions Vol1 Financial Accounting examination.

Neco Model Questions Vol1 2021 Financial Accounting Objective / Multiple Choice Easy Difficulty
Question 13 NECO_MODEL_QUESTIONS_VOL1 • 2021 • FINANCIAL_ACCOUNTING • objective

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

Answer Options

A. Conservatism principle
B. Revenue recognition principle
Correct Answer C. Matching principle
D. Historical cost principle
Correct Answer
C
Correct Option:
Matching principle

About This Question

This is Neco Model Questions Vol1 2021 Financial Accounting Question 13. It is one of the objective questions from the 2021 Neco Model Questions Vol1 Financial Accounting examination.

Difficulty level: Easy .

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