Multiple Choice Questions on Depreciation is charged on fixed assets to comply with which of the following accounting principle ........ for SEBI Grade A ( Officer) Exam Preparation

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Multiple Choice Questions

Depreciation is charged on fixed assets to comply with which of the following accounting principle ........

Accountancy (Phase -I & II) Concepts of Accounting
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    Depreciation is charged on fixed assets to comply with which of the following accounting principle?

    Matching concept

    Correct Answer

    Prudence concept

    Incorrect Answer

    Timeliness concept

    Incorrect Answer

    Reliability concept

    Incorrect Answer
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    Explanation:

    Depreciation is charged on fixed assets to comply with Matching concept which requires that revenues must be matched with associated expenses to get a complete and accurate picture of profit and loss.

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