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:Debtors value as at 1st January 2000 was N40,000.…Rent prepaid as at 1st January, 2002 was N15,000.…A trader paid N15,000 on rent for 15 months but…A trader paid insurance premium of N45,000 for 15…XYZ Ltd's total sales was #100,000. It had opening…