Financial and Management Accounting

1: Match List I with List II and select correct answer using the codes given below:             List l                                       List II (Accounting Convention)        (Principles Involved) a. Consistency                       I. Losses are an ticipated and accounted for in advance but profits are not accotrnted                                                      for until realised. b. Comparability                    II. All the relevant financial information should be summarised and presented in the                                                          accounting statements. c. Conservatism                   III. Accounting procedures in an entity should be followed uniformly from period to                                                              period. d. Disclosure                         IV. Accounting statements of different periods of an entity and those of different                                                                     entities of a period should be based on the same accounting principles and                                                                   procedures.