A trader paid N15,000 on rent for 15 months but charged N12,000 to the profit and loss Account for the year. This is the concept of
A accrual
B materiality
C prudence
D going-corncern
Answer is B
Tutors, Past Questions and Projects.
A trader paid N15,000 on rent for 15 months but charged N12,000 to the profit and loss Account for the year. This is the concept of
A accrual
B materiality
C prudence
D going-corncern
Answer is B
