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WAEC Financial Accounting 2005 Question 30

Question 30

Accounting Concepts and Conventions

Which of the following is not an accounting concept?

  1. A.Periodicity
  2. B.Accuracy
  3. C.Consistency
  4. D.Objectivity.
Show the answer and explanation

Answer: B (Accuracy)

Explanation

Accuracy is a quality, not one of the accounting concepts.