Match list I with II and select the correct answer List I List II (a) Showing joint life policy at surrender value 1. Concept of consistency (b) Team spirit and dedication of employees are not recorded in the books of accounts 2. Concept of cost (c) Methods of depreciation and inventory valuation should not be changed frequently 3. Concept of conservatism (d) Fixed assets are recorded at cost less depreciation 4. Concept of money measurement

Correct Answer is : (a) 3, (b) 4, (c) 1,(d) 2

CA CPT Model Test Paper 3 with solutions for online practice

Question : 5 of 200

Marks: +1, -0

Match list I with II and select the correct answer

List I	List II
(a) Showing joint life policy at surrender value	1. Concept of consistency
(b) Team spirit and dedication of employees are not recorded in the books of accounts	2. Concept of cost
(c) Methods of depreciation and inventory valuation should not be changed frequently	3. Concept of conservatism
(d) Fixed assets are recorded at cost less depreciation	4. Concept of money measurement

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