Which accounting concept states that revenues and expenses are recognized as theyare earned or incurred...
FINANCIAL
POST UTME OAU
Which accounting concept states that revenues and expenses are recognized as theyare earned or incurred and not when money is received?
- A) Entity
- B) Realization
- C) Accrual
- D) Periodicity
Correct Answer: C) Accrual
Post an Explanation Or Report an Error
If you see any wrong question or answer, please leave a comment below and we'll take a look. If you doubt why the selected answer is correct or need additional more details? Please drop a comment or Contact us directly. Your email address will not be published. Required fields are marked *