English

Select the most appropriate alternative from the given below and rewrite the statement. The immediate recognition of loss is supported by principle of __________. - Book Keeping and Accountancy

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Question

Select the most appropriate alternative from the given below and rewrite the statement.

The immediate recognition of loss is supported by principle of __________.

Options

  • Conservatism

  • Objective

  • Matching

  • Consistency

MCQ

Solution

The immediate recognition of loss is supported by the principle of Conservatism.

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Accounting Concepts, Conventions and Principles
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Chapter 1: Introduction to Book - Keeping and Accountancy - EXERCISE [Page 17]

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Balbharati Book Keeping and Accountancy [English] 11 Standard Maharashtra State Board
Chapter 1 Introduction to Book - Keeping and Accountancy
EXERCISE | Q 3. 8) | Page 17
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