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Doctors Medicines MCQs Q&A

  1. Matching concept
  2. Prudence concept
  3. Timeliness concept
  4. Reliability concept
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1 Answers

Answer: Option 1

Depreciation is charged on fixed assets to comply with Matching concept which requires that revenues must be matched with associated expenses to get a complete and accurate picture of profit and loss.

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Related Questions

Direction : Two statements I and II are given. These statement may be either independent causes or may be effects of independent causes or a common cause. One of these statements may be the effect of the other statements. Read both the statements and decide which of the following answer choice correctly depicts the relationship between these two statements. Mark answer : I. The committee appointed by the Government on the fee structure of the professional courses has drastically reduced the fees of various courses in comparison to those charged in the last year. II. The parents of aspiring students seeking admission to professional courses had launched a severe agitation protesting against the high fees charged by the professional institutes and the admission process was delayed considerably.?
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