Question 0

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
  • E.
Objective

Question details

Exam body
JAMB
Subject
Accounts - Principles of Accounts
Year
1999
Question no.
#0
Type
Objective

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