Purchase of dustbin for ₹ 150 should be considered as an expense ins – InterviewSolution

InterviewSolution

1.	Purchase of dustbin for ₹ 150 should be considered as an expense instead of considering the same to be a fixed asset.(a) Principal of conservatism(b) Cost concept(c) Money measurement concept(d) Materiality concept
Answer» Correct option is (d) Materiality concept

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