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      Question

      Which of the following is not an accounting

      principle?
      A Matching principle Correct Answer Incorrect Answer
      B Consistency principle Correct Answer Incorrect Answer
      C Materiality principle Correct Answer Incorrect Answer
      D Creativity principle Correct Answer Incorrect Answer

      Solution

      Explanation: The accounting principles are generally accepted guidelines that provide the basis for accounting practices. The creativity principle does not exist in accounting.

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