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Match List-I with List-II and select the correct answer using the...

This question belongs to Commerce Accounting
Accounting
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Match List-I with List-II and select the correct answer using the options given below the lists:
List-I List-II
a. Income measurement 1. Accrues to owner's equity
b. Expense recognition 2. Revenue recognition
c. Basis for realisation in accounting 3. Matching revenues
d. Recognised revenue 4. Accounting period

Answer & Solution
Correct Answer: Option A
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