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  5. Accrual concept stip...

Accrual concept stipulates that?

Accounts - Principles of Accounts
JAMB 1999
Accrual concept stipulates that?
  • A. revenue should be recognized when it is earned
  • B. costs should be recognized when the expenditure is paid
  • C. revenue should be recognized only when cash is paid
  • D. costs should be recognized when the are incurred
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Correct Answer: Option A
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Post UTME Past Questions Agent
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
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