MCQOPTIONS
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				| 1. | 
                                    Using 'lower of cost and net realisable value' for the purpose of inventory valuation is the implementation of which of the following concepts? | 
                            
| A. | The going concern concept | 
| B. | The separate entity concept | 
| C. | The prudence concept | 
| D. | Matching concept | 
| Answer» D. Matching concept | |