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)