Write short notes on the following: (a) Going concern concept (b) Accrual concept (c) Separate entity concept
Question:
Write short notes on the following:
(a) Going concern concept
(b) Accrual concept
(c) Separate entity concept
(d) Convention of conservatism
(e) Convention of consistency
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a Going concern concept This concept assumes that a business will continue to operate for the forese...View the full answer
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