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Commerce · Q2053

Accounting

Graduate and Post Graduate · Commerce · question 2053

Q2053

A concern should select an accounting policy which enables it to

A.
pay the proper amount of income tax
B.
calculate the correct amount of cash in hand
C.
present a true and fair view of its state of affairs and profit or loss
Answer
D.
Both A and B

Answer: Option C

Solution

Answer: Option C
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