Skip to content
Sign inRegister

Ask the Tutor ACCA FA

Accounting concept

SSaroni1h ago

Making an allowance for receivables is an example of which concept?

Accruals

Going concern

Materiality

Fair presentation

John MoffatJohn MoffatTutor1h ago#1

Of the fundamental concepts it is the accruals (or matching) concept - charging expenses in the same period in which the revenue is accounted for.

Sign into reply to this topic.