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:A trader paid N15,000 on rent for 15 months but…XYZ Ltd's total sales was #100,000. It had opening…Williams and Jacob are in partnership but there is…XYZ Ltd's total sales was #100,000. It had opening…Rent owing as at 31st December 1998, N800. Rent paid…