Q.
1
| Column I | Column II |
| (a) Materiality Concept | (i) The same accounting method used by a firm from one period to another |
| (b) Going concern concept | (ii) An inappropriate assumption of a firm being bankrupt |
| (c) Historical Cost concept | (iii) A normal basis used for accounting assets |
| (d) Consistency Concept | (iv) Relates to the importance of an item or event |
-
A
(a) (b) (c) (d) (iv) (ii) (iii) (i) -
B
(ii) (iii) (i) (iv) -
C
(i) (ii) (iii) (iv) -
D
(iv) (iii) (ii) (i)