P & L Account is prepared for a period of one year by following [Hints: (c) P&L A/C is prepared for a period of one year by following the concept of Accounting Period.]

P & L Account is prepared for a period of one year by following [Hints

1.	P & L Account is prepared for a period of one year by following [Hints: (c) P&L A/C is prepared for a period of one year by following the concept of Accounting Period.]
A.	Consistency Concept
B.	Conservatism Concept
C.	Accounting Period Concept
D.	Cost Concept
Answer» D. Cost Concept