pexels photo 3772613

Test your financial accounting knowledge #324

Which one of the following concepts states that revenue is recognized when it is earned and expenses when they are paid?
A: Business entity concept

B: Accrual concept
C: Dual concept

D: Cost concept

Share your answer on the comment section below

4 thoughts on “Test your financial accounting knowledge #324”

Leave a Comment

Your email address will not be published. Required fields are marked *

%d bloggers like this: