6. Depreciation is charged on fixed assets due to which concept I Convention
(a) Disclosure
(b) Materiality (c) Conservatism
(a) Going Concem
O
(a)
O (b)
0 0
(0)
(d)
Answers
Answered by
8
Depreciation is charged on fixed assets to comply with Matching concept which requires that revenues must be matched with associated expenses to get a complete and accurate picture of profit and loss.
Explanation:
If I am correct mark me as brainliest
Similar questions