A merchant paid ₦180,000 on rent for 18 months bu charged ₦120,00 0 to profit and loss account for the year. The concept applied is

A merchant paid ₦180,000 on rent for 18 months bu charged ₦120,000 to profit and loss account for the year. The concept applied is

A business entity

B going concern

C accrual

D materiality

Answer is C