Question

shares are listed on th
results to ascertain the profitability and financial
three months period.
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Test Your Understanding - I
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1
(c)
Choose the Correct Answer
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10
1. During the life-time of an entity accounting produce financial statements
accordance with which basic accounting concept:
(a) Conservation
(b) Matching
Accounting period
(d) None of the above
2. When information about two different enterprises have been prepared presente
in a similar manner the information exhibits the characteristic of:
(a) Verifiability
(b) Relevance
(c) Reliability
(d) None of the above​

Answer 1

Answer:

1. Accounting period(c)

2.None of the above (d)