Q.
1
| List I | List II |
| (a) Going Concern Concept | (i) The same accounting method used by a firm from one period to another |
| (b) Consistency | (ii) Relates to the relative size or importance of an item or event |
| (c) Cost Principle | (ii) An inappropriate assumption for a firm undergoing bankruptcy |
| (d) Materiality | (iv) The normal basis used to account for assets. |
-
A
(a) (b) (c) (d) (i) (ii) (iii) (iv) -
B
(iv) (iii) (ii) (i) -
C
(iii) (ii) (iv) (i) -
D
(iii) (i) (iv) (ii)