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CA CPT Dec 2017 Question Paper Fundamentals of Accounting for online practice

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Question : 3

Total: 60

Cost of inventory ₹ 1,00,000; Market Value ₹ 80,000. If the inventory is valued at ₹ 1,00,000, which of the following accounting concepts is violated?

Money measurement
Cost
Prudence
Periodicity04

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