Explain the accounting principles of each of the following: (a) Going concern; (b) Accruals; (c) Consistency; (d)
Question:
(a) Going concern;
(b) Accruals;
(c) Consistency;
(d) The concept of prudence?
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a Going concern According to IASB Conceptual Framework the term Going concern means the business nei...View the full answer
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