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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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