Accountancy, asked by vidushigupta192004, 7 months ago

Stock of pencil, eraser and inkpot is not shown as asset rather these are shown as revenue expenditure based on :

1.Principle of Prudence
2.Principle of Materiality
3.Historical cost concept
4.Matching Concept

Answers

Answered by myworkpoint05

1

Answer:

2.Principle of Materiality

Answered by harvinder2203

3

☆Here is ur answer☆

principle of materiality.

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