Which of the following is not the nature of financial statements-
CUET UG 2025 — Accountancy Financial Statements
Which of the following is not the nature of financial statements-
Held on 31 May 2025 · Verified 13 Jul 2026.
Options
- A
The original cost or historical cost is the basis of recording transactions.
- B
It cannot be expressed in monetary terms.
- C
Certain accounting conventions are followed while preparing financial statements.
- D
Financial statements are prepared on certain basic assumptions
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