A merchant paid ₦180,000 on rent for 18 months bu charged ₦120,000 to profit and loss account for the year. The concept applied is?

By: |Published on: Jun 3|Categories: Accounting WAEC| 0 comments

A. business entity
B. going concern
C. accrual
D. materiality

Correct Answer: Option C

C. accrual

Users Also Read These:

SEE ALSO  The total credit sales for a period can be extracted from the?

Copyright warnings! Do not copy.