List I | List II | ||
A. | Income and financial position assessed | 1. | Consistency concept |
B. | Anticipate no profit and provide for all possible losses | 2. | Going concern concept |
C. | Assets are depreciated on the basis of expected life rather than on the basis of market value | 3. | Conservatism concept |
D. | The comparison of one accounting period with that in the past is possible | 4. | Matching concept |
A) A\[\to \]4, B\[\to \]3, C\[\to \]2, D\[\to \]1
B) A\[\to \]2, B\[\to \]1, C\[\to \]4, D\[\to \]3
C) A\[\to \]4, B\[\to \]3, C\[\to \]1, D\[\to \]2
D) A\[\to \]3, B\[\to \]4, C\[\to \]1, D\[\to \]2
Correct Answer: A
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