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1.1.3 Which one of the following recognises the idea that assets and income should not be overstated while liabilities and expenses should not be understated

1.1.3 Which one of the following recognises the idea that assets and income should not be overstated while liabilities and expenses should not be understated : A. Matching principle, B. Accrual concept,

C. Principle of prudence. D. Consistency concept.

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