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 Sunday | Jun 3 | Accounting WAEC | 0 comments A. business entity B. going concern C. accrual D. materiality Correct Answer: Option C C. accrual Users Also Read These:XYZ Ltd's total sales was #100,000. It had opening…A trader paid N15,000 on rent for 15 months but…The opening balance of debtors is N100,000 and that…Williams and Jacob are in partnership but there is…XYZ Ltd's total sales was #100,000. It had opening…