A trader has made a sale of Rs.75,500 out of which cash sales amounted to Rs.25,500. He
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Question:
A trader has made a sale of Rs.75,500 out of which cash sales amounted to
Rs.25,500. He showed trade receivables on 31-3-2014 at Rs.25,500. Which concept is followed
by him?
a) Going concern
b) Cost
c) Accrual
d) Money measurement
Expert Answer:
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