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Q. |
P & L Account is prepared for a period of one year by following [Hints: (c) P&L A/C is prepared for a period of one year by following the concept of Accounting Period.] |
A. | Consistency Concept |
B. | Conservatism Concept |
C. | Accounting Period Concept |
D. | Cost Concept |
Answer» C. Accounting Period Concept |
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