Waec Model Questions Vol1 2017 Financial Accounting Question 30

Practice objective / multiple choice question 30 from the 2017 Waec Model Questions Vol1 Financial Accounting examination.

Waec Model Questions Vol1 2017 Financial Accounting Objective / Multiple Choice Easy Difficulty
Question 30 WAEC_MODEL_QUESTIONS_VOL1 • 2017 • FINANCIAL_ACCOUNTING • objective

State the accounting concept that requires revenue to be recognised when it is earned rather than when cash is received.

Answer Options

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

About This Question

This is Waec Model Questions Vol1 2017 Financial Accounting Question 30. It is one of the objective questions from the 2017 Waec Model Questions Vol1 Financial Accounting examination.

Difficulty level: Easy .

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