Waec Model Questions Vol1 2020 Financial Accounting Question 48

Practice objective / multiple choice question 48 from the 2020 Waec Model Questions Vol1 Financial Accounting examination.

Waec Model Questions Vol1 2020 Financial Accounting Objective / Multiple Choice Easy Difficulty
Question 48 WAEC_MODEL_QUESTIONS_VOL1 • 2020 • FINANCIAL_ACCOUNTING • objective

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

Answer Options

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

About This Question

This is Waec Model Questions Vol1 2020 Financial Accounting Question 48. It is one of the objective questions from the 2020 Waec Model Questions Vol1 Financial Accounting examination.

Difficulty level: Easy .

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