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Accounting Past Questions

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101 questions JAMB 1611 WAEC 1757 CUSTOM 2

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Question 51

jamb 1999

Accrual concept stipulates that?

Arevenue should be recognized when it is earned

Bcosts should be recognized when the expenditure is paid

Crevenue should be recognized only when cash is paid

Dcosts should be recognized when the are incurred

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