MCQOPTIONS
Saved Bookmarks
MCQOPTIONS
| 1. |
‘A Limited’ purchased goods of Rs.10,00,000,and sold 90% of goods and remaining goods market value is Rs.90,000,and closing stock is 10%, but he recorded Rs.90,000 and not Rs.1,00,000. Which concept does he follows:- |
| A. | Materiality concept |
| B. | Cost concept |
| C. | Entity concept |
| D. | Conservatism concept |
| Answer» E. | |