When different accounts are clubbed on the basis of some common characteristics that are shared by them, the concept is known as_______. | Faculties

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📊 Financial Accounting

Q. When different accounts are clubbed on the basis of some common characteristics that are shared by them, the concept is known as_______.

(A) Asset
(B) Liability
(C) Income
(D) Grouping

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✅ Correct Answer: (D) Grouping

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