A

Admin • 802.91K Points
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Q. If an asset is shown at a higher value than its realizable value, which principle is violated?

  • (A) Matching concept
  • (B) Conservatism concept
  • (C) Cost concept
  • (D) Going concern concept
  • Correct Answer - Option(B)
  • Views: 3
  • Filed under category Accounting
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Explanation by: Admin
Conservatism states to record assets at their lower realizable value to avoid overstatement.

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