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Question Practice

Which principle justifies the treatment of smaller expenses as current expenditures in financial statements?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 12
Accountancy
Accountancy Part - II
Financial Statements of a Company
Question Bank

Which principle justifies the ...

Single Answer MCQ
Q-00082634

Which principle justifies the treatment of smaller expenses as current expenditures in financial statements?

1

Going concern principle

2

Matching principle

3

Principle of materiality

4

Accrual principle

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