Match List I with List II LIST I LIST II A. Focus should be on material information and resources of the enterprises should not be spent on recording and reporting of immaterial information I. Going concern B. Loss of stock is recognised in the period in which it occurs II. Materiality C. Assets are not shown at their current realisable value III. Prudence D. Valuation of closing stock at cost or market value whichever is lower IV. Matching principle Choose the most appropriate answer from the options given below:

Question

Match List I with List II LIST I   LIST II A. Focus should be on material information and resources of the enterprises  should not be spent on recording and reporting of immaterial information I. Going concern B. Loss of stock is recognised in the period in which it occurs II. Materiality C. Assets are not shown at their current realisable value III. Prudence D. Valuation of closing stock at cost or market value whichever is lower IV. Matching principle Choose the most appropriate answer from the options given below:

cdquestions Admin · Accepted Answer

The correct option is (C):A-II, B-IV, C-I, D-III

Answer

A-I, B-III. C-IV, D-II

Answer

A-II, B-I, C-IV, D-III

Answer

A-II, B-IV, C-I, D-III

Answer

A-I, B-II, C-IV, D-III

LIST I		LIST II
A	Accommodating items	I	International purchases
B	Capital Account	II	Central Bank
C	Balance of trade	III	Above the line items
D	Dirty Floating	IV	Visible items

The Correct Option is C

Solution and Explanation

Top Questions on Economics and economic theories

Questions Asked in CUET PG exam

	LIST I		LIST II
A.	Focus should be on material information and resources of the enterprises should not be spent on recording and reporting of immaterial information	I.	Going concern
B.	Loss of stock is recognised in the period in which it occurs	II.	Materiality
C.	Assets are not shown at their current realisable value	III.	Prudence
D.	Valuation of closing stock at cost or market value whichever is lower	IV.	Matching principle