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:A club received rent N10,000 and donation N30,000.…Rent owing as at 31st December 1998, N800. Rent paid…A trader paid insurance premium of N45,000 for 15…A merchant paid ₦180,000 on rent for 18 months bu…Rent prepaid as at 1st January, 2002 was N15,000.…