Waec Model Questions Vol1 2017 Financial Accounting Question 43

Practice objective / multiple choice question 43 from the 2017 Waec Model Questions Vol1 Financial Accounting examination.

Waec Model Questions Vol1 2017 Financial Accounting Objective / Multiple Choice Easy Difficulty
Question 43 WAEC_MODEL_QUESTIONS_VOL1 • 2017 • FINANCIAL_ACCOUNTING • objective

A company records revenue from a sale before the goods have been delivered to the customer. Which fundamental accounting concept is being violated?

Answer Options

A. Matching (Accrual) concept
B. Conservatism (Prudence) concept
C. Historical Cost concept
Correct Answer D. Revenue Recognition (Realisation) concept
Correct Answer
D
Correct Option:
Revenue Recognition (Realisation) concept

About This Question

This is Waec Model Questions Vol1 2017 Financial Accounting Question 43. It is one of the objective questions from the 2017 Waec Model Questions Vol1 Financial Accounting examination.

Difficulty level: Easy .

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