Which of the following concept stipulates that accounting profit is the difference between revenue and…

Accounts - Principles of Accounts JAMB 1995

Which of the following concept stipulates that accounting profit is the difference between revenue and expenses?

  • Accrual concept checkmark
  • Conservatism concept
  • Prudence concept
  • Materiality concept

The correct answer is: A

Explanation

No official explanation is available for this question at this time. Please check contributions posted by others below. If you can provide an explanation to help other student learn.
Previous Question Next Question

Leave A Comment