Neco Model Questions Vol1 2025 Financial Accounting Question 44
Practice objective / multiple choice question 44 from the 2025 Neco Model Questions Vol1 Financial Accounting examination.
Delta Ltd incurred an electricity expense of \(5,000\) on 28 December but paid the amount on 5 January of the following year. Under which accounting concept should this expense be recognised in the accounts for the year ending 31 December?
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About This Question
This is Neco Model Questions Vol1 2025 Financial Accounting Question 44. It is one of the objective questions from the 2025 Neco Model Questions Vol1 Financial Accounting examination.
Difficulty level: Easy .
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