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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. Uncertain liability 1. Amortisation
b. Expiry of tangible asset 2. Long-term liability
c. Basis for all valuations in the balance sheet 3. Research and development
d. Accounting standard-As-8 4. Estimated obligation
5. Conservatism convention

Answer & Solution
Correct Answer: Option D
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