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

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