Economics · Accounting Principles
According to Generally Accepted Accounting Principles (GAAP), which of the following is considered a accounting principle/concept rather than one of the three basic 'fundamental accounting assumptions' specified by AS-1?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Matching concept✓
- 2Going concern
- 3Accrual
- 4Consistency
Correct answer
Matching concept
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