Neco Model Questions Vol1 2022 Financial Accounting Question 29

Practice objective / multiple choice question 29 from the 2022 Neco Model Questions Vol1 Financial Accounting examination.

Neco Model Questions Vol1 2022 Financial Accounting Objective / Multiple Choice Easy Difficulty
Question 29 NECO_MODEL_QUESTIONS_VOL1 • 2022 • FINANCIAL_ACCOUNTING • objective

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

Answer Options

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

About This Question

This is Neco Model Questions Vol1 2022 Financial Accounting Question 29. It is one of the objective questions from the 2022 Neco Model Questions Vol1 Financial Accounting examination.

Difficulty level: Easy .

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