Financial Accounting MCQs

As per accrual concept, which of the followings is not true

April 23, 2022

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As per accrual concept, which of the followings is not true

Q. As per accrual concept, which of the followings is not true

A. sales + gross profit = revenue

B. revenue –profit = expenditure

C. revenue –expenditure = profit

D. revenue = profit + expenditure

Answer: sales + gross profit = revenue

As per accrual concept, which of the followings is not true

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As per accrual concept, which of the followings is not true

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