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    Question

    According to the Accounting Standard-1, which of the

    following are the fundamental accounting assumptions?
    A Going Concern, Consistency, Accrual Correct Answer Incorrect Answer
    B Going Concern, Money Measurement, Conservatism Correct Answer Incorrect Answer
    C Going Concern, Consistency, Conservatism Correct Answer Incorrect Answer
    D Going Concern, Accounting Period, Accrual Correct Answer Incorrect Answer

    Solution

    The correct answer is A

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