Accounting · Accounting Concepts and Principles
Match List - I with List - II. List - I A. Making provision for bad and doubtful debts and for discount on debtors B. Expenses should be recognised in the period in which associated revenue is recognised C. Assets are not shown at their current realisable value D. Internally generated goodwill is not recorded in the books of account List - II I. Cost Concept II. Going Concern Concept III. Matching Concept IV. Conservatism Concept Choose the correct answer from the options given below:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A-I, B-II, C-III, D-IV
- 2A-IV, B-III, C-II, D-I✓
- 3A-IV, B-II, C-III, D-I
- 4A-II, B-I, C-IV, D-III
Correct answer
A-IV, B-III, C-II, D-I
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