Teaching UGC NET Mock Test Series 2025 (Paper 1 & 2) Accounting and Auditing Financial Statements Analysis
Match the following:
| List - I | List - II |
| (a) Matching Principle | (i) Ignores future profit estimations |
| (b) Materiality Principle | (ii) Normal basis for valuing assets |
| (c) Conservatism Principle | (iii) Revenues and expenses of a particular period |
| (d) Cost Principle | (iv) Relates to relative size or importance of item or event |
1
(a)- i (b)- iv (c)-ii (d)-iii
2
(a)-ii (b)-iii (c)-iv (d)-i
3
(a)-iii (b)-iv (c)-i (d)-ii
4
(a)-iv (b)-iii (c)-ii (d)-i