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|Published on: Jun 5|Categories: Accounting WAEC| 0 comments A. accrual B. materiality C. prudence D. going-concern Correct Answer: Option B B. materiality Users Also Read These:A trader paid N15,000 on rent for 15 months but…A trader paid insurance premium of N45,000 for 15…Interest on drawings is 5%, interest on capital is…How much is to be charged to profit and loss account…The provision for doubtful debts to be charged to…SEE ALSO Which of the following are impersonal accounts?