Which of the following is not an accounting concept?

Accounts - Principles of Accounts

WAEC 2002

A. entity
B. going-concern
C. consistency
D. historical cost

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Correct Answer: Option D

Explanation

The following are types of accounting concept; Business Entity, Money Measurement, Going Concern, Accounting Period, Cost Concept, Duality Aspect concept, Realisation Concept, Accrual Concept and Matching Concept

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Which of the following is not an accounting concept?

Correct Answer: Option D

Explanation

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