Question on: WAEC Accounting - 2002

Which of the following is not an accounting concept?

A
entity
B
going-concern
C
consistency
D
historical cost
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Correct Option: D

The following are types of accounting concept; Business Entity, Money Measurement, Going Concern, Accounting Period, Cost Concept, Duality Aspect concept, Realisation Concept, Accrual Concept and Matching Concept

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