Multiple choice

Which of the following is not an Accounting concept?

  1. Matching concept

  2. Dual Aspect concept

  3. True and Fair concept

  4. Going concern concept
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The question asks which is NOT an accounting concept. 'True and Fair' is a presentation standard or requirement for financial statements, not a fundamental accounting concept. The others (Matching, Dual Aspect, Going Concern) are core accounting principles/concepts. So True and Fair is the correct answer because it's not a concept.

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