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 B B. materiality Users Also Read These:A club received rent N10,000 and donation N30,000.…A trader paid insurance premium of N45,000 for 15…Rent owing as at 31st December 1998, N800. Rent paid…A trader paid N15,000 on rent for 15 months but…XYZ Ltd's total sales was #100,000. It had opening…