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M/s Future Ltd. Has invested ₹ 10,000 in...

M/s Future Ltd. Has invested ₹ 10,000 in the shares of Relicam Industries Ltd. Current market value of these shares is ₹ 10, 500. Accountant of Future Ltd. Wants to show ₹ 10,500. as value of investment in the books of accounts, which accounting convention restricts him from doing so?

A

Full disclosure

B

Consistency

C

Conservation

D

Materiality

Text Solution

Verified by Experts

The correct Answer is:
C
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