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    5. Which of the following is not a fundamental accounting principle?

    Question

    Which of the following is not a fundamental accounting

    principle?
    A Objectivity Correct Answer Incorrect Answer
    B Consistency Correct Answer Incorrect Answer
    C Materiality Correct Answer Incorrect Answer
    D Subjectivity Correct Answer Incorrect Answer

    Solution

    The fundamental accounting principles include Objectivity, Consistency, Materiality, and Prudence.

    Practice Next
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    Relevant for Exams:

    • UPSC EO/AO

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