Waec Model Questions Vol1 2023 Financial Accounting Question 50
Practice objective / multiple choice question 50 from the 2023 Waec Model Questions Vol1 Financial Accounting examination.
A company recorded the purchase of a delivery van costing ₦2,000,000 as an expense in the profit‑and‑loss account in the year of purchase. Which fundamental accounting concept is violated by this treatment?
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About This Question
This is Waec Model Questions Vol1 2023 Financial Accounting Question 50. It is one of the objective questions from the 2023 Waec Model Questions Vol1 Financial Accounting examination.
Difficulty level: Easy .
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