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 excess of income over expenditure is usually transferred to the ...
Another name for owner's equity is ...
The authority of the Accountant General to disburse from government fund is called ...
In a three-column cash book,the discount allowed is shown on the? ...
The formular for calculating depreciation using straight line method is ...
Transactions are recorded or posted to the ledger in line with ...
Stock valuation is useful because it forms the sales department on the? ...