Match the aspects of financial statements with their descriptions:
| Column A | Column B | ||
| A | Recorded Facts | (i) | Basic assumptions like going concern and money measurement |
| B | Accounting Conventions | (ii) | Based on historical cost data from accounting books |
| C | Postulates | (iii) | Estimates and opinions used in various situations |
| D | Personal Judgements | (iv) | Rules like valuing inventory at cost or market price, whichever is lower |
1
A-(i), B-(ii), C-(iii), D-(iv)
2
A-(ii), B-(iv), C-(i), D-(iii)
3
A-(iv), B-(iii), C-(ii), D-(i)
4
A-(iii), B-(i), C-(iv), D-(ii)