Multiple Choice
X Ltd., purchased goods for ` 5 lakh and sold 9/10th of the value of goods for ` 6 lakh. Net expenses during the year were ` 25, 000. The company reported its net profit as ` 75,000. Which of the following concept is violated by the company?
A) Realization
B) Conservation
C) Matching
D) Accrual
Correct Answer:
Verified
Correct Answer:
Verified
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