Accrual concept stipulates that
...Accrual concept stipulates that
Revenue should be recognized when it is earned
Costs should be recognized when the expenditure is paid
Revenue should be recognized only when cash is paid
Costs should be recognized when the are incurred
Correct answer is A
No explanation has been provided for this answer.
The person who has applied for shares in a company is called ...
The amount required to replenish the payments made from the imprest was ...
UCHENNA ENTERPRISES: Balance sheet as at 31st December, 1993 \(\begin{array}{c|c} & N & N &a...
The public account committee is an organ of ...
Which of the following belongs to the Nominal Ledger? ...
Which of the following is/are true? i. depreciation charges increase profits ii. reduc...