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 - SchoolNGR

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A trader paid N15,000 on rent for 15 months but charged N12,000 to the Profit and Loss ...

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

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Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE

A Accrual
B Materiality
C Prudence
D Going-concern

Correct Answer: Option A

Explanation:

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