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Commerce
Accounting
Difficulty: Medium
Match the items in Column-I with the items in Column-2 Column-1 Column-2 a. Materiality concept 1. The same accounting method used by a firm from one period to another b. Going Concern concept 2. An inappropriate assumption of a firm being bankrupt c. Historical Cost concept 3. A normal basis used for accounting assets d. Consistency concept 4. Relates to the importance of an item or event
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