Pinki purchased goods Rs. 15,00,000 and sold 4/5th of the goods amounting Rs. 18,00,000 and met expenses amounting Rs. 2,50,000 during the year. She counted Net profit of Rs. 3,50,000. Which of the following accounting concept was followed by her?
1
Entity concept
2
Matching concept
3
Accounting period
4
More than one of the above
5
None of the above