Accrual concept stipulates that?
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
- 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
Correct Answer: Option A
Explanation:
Share question on: