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:

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

Answer 1

The Correct Option is C

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