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- 1 Marks
Question
Which of the following is NOT an accounting concept?
A. Information
B. Historical cost
C. Consistency
D. Accrual
E. Going concern
Answer
Answer: A
Explanation:
“Information” is not an accounting concept. Concepts such as historical cost, consistency, accrual, and going concern are fundamental principles in accounting.
- Tags: Accounting Concepts, Consistency, Historical Cost
- Level: Level 1
- Uploader: Joseph