Coli and iv
۸9ھ اھ ii
Correct Answer: Option-C
Question44:-The convention of Prudence when applied to the balance sheet results
‘Ac Overstatement of Assets
B:-Understatement of Liability
C:-Overstatement of Liabilities
D-Understatement of Assets
Correct Answer:- Option-D
Question45:-Which of the following is true about financial statements?
(a) Financial statement gives a summary of accounts
(൪) Financial statements can be stated as recor....
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