A trader paid N15,000 on rent for 15 months but charged N12,000 to the Profit and Loss account for the year. This is the concept of by Sunday | Jun 5 | Accounting WAEC | 0 comments A. accrual B. materiality C. prudence D. going-concern Correct Answer: Option A A. accrual Users Also Read These:XYZ Ltd's total sales was #100,000. It had opening…XYZ Ltd's total sales was #100,000. It had opening…Williams and Jacob are in partnership but there is…A merchant paid ₦180,000 on rent for 18 months bu…Rent prepaid as at 1st January, 2002 was N15,000.…