Economics · Accounting Concepts and Principles
Match List I with List II: List I: a. Matching concept b. Full Disclosure concept c. Conservatism concept d. Materiality concept List II: 1. Disclosing contingent liabilities2. Impairment of assets / Provision for doubtful debts3. Charging depreciation against revenue4. Expensing small items like paper clips directly
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1a-3, b-1, c-2, d-4✓
- 2a-4, b-3, c-1, d-2
- 3a-3, b-1, c-4, d-2
- 4a-4, b-3, c-2, d-1
Correct answer
a-3, b-1, c-2, d-4
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