WAEC Accounting 2013 Objective — Question 43
Question 43 of 50 from the West African Examinations Council (WAEC) Accounting 2013 Objective paper, with the correct answer and a full explanation.
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The basic assumption which underlines the preparation of periodic financial statement is known as accounting
- A. bases
- B. techniques
- C. conceptsCorrect
- D. methods
Explanation
Accounting concepts are the basic assumptions that underline the preparation of periodic financial statements.
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