Waec Model Questions Vol1 2017 Financial Accounting Question 34

Practice objective / multiple choice question 34 from the 2017 Waec Model Questions Vol1 Financial Accounting examination.

Waec Model Questions Vol1 2017 Financial Accounting Objective / Multiple Choice Easy Difficulty
Question 34 WAEC_MODEL_QUESTIONS_VOL1 • 2017 • FINANCIAL_ACCOUNTING • objective

Which fundamental accounting concept requires that expenses be recognized in the same accounting period as the revenues they help generate?

Answer Options

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

About This Question

This is Waec Model Questions Vol1 2017 Financial Accounting Question 34. It is one of the objective questions from the 2017 Waec Model Questions Vol1 Financial Accounting examination.

Difficulty level: Easy .

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