Teacha
  • Courses
  • Mock Exams
  • For Tutors
  • For Schools
  • Pricing
Log InStart Free
  1. Past Questions
  2. /
  3. WAEC
  4. /
  5. Accounts - principles of accounts
  6. /
  7. 2001
  8. /
  9. Q37
Question 37

Profits are recognised when goods are sold. What concept is this

  • A.realization
  • B.matching
  • C.periodicity
  • D.going concern
Objective

Question details

Exam body
WAEC
Subject
Accounts - principles of accounts
Year
2001
Question no.
#37
Type
Objective
Previous · Q36"The Accountant thinks the investment in the books are worthless". This is Next · Q38 Ali ant Baba are in partnership sharing profits and losses if the ratio of 3 : 2…

More from this paper

  • Q33Jeng Limited disposed a fixed asset in 1999 for N2,000. The asset was purchased…
  • Q34Jeng Limited disposed a fixed asset in 1999 for N2,000. The asset was purchased…
  • Q35Jeng Limited disposed a fixed asset in 1999 for N2,000. The asset was purchased…
  • Q39Ali ant Baba are in partnership sharing profits and losses if the ratio of 3 : 2…
  • Q40Ali ant Baba are in partnership sharing profits and losses if the ratio of 3 : 2…
  • Q41An agreement made by partners to regulate and govern their business activities…
See all Accounts - principles of accounts 2001 questions
Teacha

Africa's learning & exam readiness platform. Built for students, tutors, and schools.

Platform

  • Courses
  • Mock Exams
  • Past Questions

For You

  • I'm a Tutor
  • I'm a School
  • Pricing

© 2025 Teacha. Built for African learners, tutors, and schools. Teacha is not affiliated with WAEC, NECO, or JAMB. All past questions are sourced from publicly available materials.

Privacy PolicyTerms of UseCookie Policy