Which accounting concept satisfy the valuation criteria?
A)Going concern, Realisation, Cost
B)Going concern, Cost, Dual aspect
C)Cost, Dual aspect, Conservatism
D)Realisation, Conservatism, Going concern.

Question

Quizplus · Accepted Answer

The valuation criteria in accounting are satisfied by the Going Concern, Realisation, and Cost concepts, which ensure assets are valued based on their continued use, revenue is recognized when earned, and assets are recorded at their purchase cost.

Which Accounting Concept Satisfy the Valuation Criteria