Depreciation is charged on fixed assets to comply with which of the following accounting principle?
A. Matching concept
B. Prudence concept
C. Timeliness concept
D. Reliability concept
Answer: Option A
Solution (By Examveda Team)
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.This Question Belongs to Commerce >> Accounting
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