Question

Q.2 GIVE TRUE/FALSE.
1. Principle of conservation emphasized on prospective losses.
2. Comparison between two period consisting in principle of consistency.
3. Dual aspect concept affected only one side.
4. Accounting standards bring unequality in accounting policies.
5. Variable objectivity does not give the importance to voucher.​

Answer 1

Answer:

1 true

2 false

3 false

4 true

5 true