The owner of a business had paid two months' rent in advance at her year end and

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The owner of a business had paid two months' rent in advance at her year end and deducted the payment from her expenses. Which accounting concept is this an example of?

A. Accruals

B. Consistency

C. Prudence

D. Realisation

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Accounting For Cambridge International AS And A Level

ISBN: 9780198399711

1st Edition

Authors: Jacqueline Halls Bryan, Peter Hailstone

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Question Posted: Sep 15, 2021 03:57 AM

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The owner of a business had paid two months' rent in advance at her year end and

Question:

Step by Step Answer:

This is an example of the accruals concept in accountin...View the full answer

Accounting For Cambridge International AS And A Level

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