A businessman purchased goods for Rs.25,00,000 and sold 80% of such goods during the accounting year ended 31st March, 2009. The market value of the remaining goods was Rs.4,00,000. He valued the closing Inventory at cost. He violated the concept of

A businessman purchased goods for Rs.25,00,000 and sold 80% of such go

1.	A businessman purchased goods for Rs.25,00,000 and sold 80% of such goods during the accounting year ended 31st March, 2009. The market value of the remaining goods was Rs.4,00,000. He valued the closing Inventory at cost. He violated the concept of
A.	Money measurement
B.	Conservatism.
C.	Cost.
D.	Periodicity.
Answer» C. Cost.