WAEC Accounting 2024 Objective — Question 19
Question 19 of 50 from the West African Examinations Council (WAEC) Accounting 2024 Objective paper, with the correct answer and a full explanation.
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The concept that underlies the comparing of expenditure for a period with the revenue of the same period is
- A. accrual concept
- B. money measurement concept
- C. matching conceptCorrect
- D. dual aspect concept
Explanation
The matching concept requires that expenses be matched against the revenue they helped generate in the same period.
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