Stationary which will be used over a long period of time is usually recorded as an expense instead of an asset. This concept is called? By: Sunday|Published on: Dec 5|Categories: Accounting JAMB| 0 comments A. entity B. materiality C. realization D. accrual Correct Answer: Option B – materiality Users Also Read These:The gradual, cumulative, adaptive and heritable…A statement in a double entry system in which are…The concept that has much influence over asset…The concept which states that assets are not to be…The atmospheric condition of a place over a long…SEE ALSO keeping records under the single entry system has the advantage of?