Identify three of the following accounting concepts as justification for depreciating non-current assets: (i) Realisation (ii) Matching
Question:
Identify three of the following accounting concepts as justification for depreciating non-current assets:
(i) Realisation
(ii) Matching
(iii) Neutrality
(iv) Substance over form
(v) Prudence
(vi) Going concern
(vii) Time interval
(viii) Consistency
(ix) Separate entity
Transcribed Image Text:
a i, ii, iii bii, iv, v cii, v, vi div, vii, ix
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Related Book For
Financial Accounting An Introduction
ISBN: 9780273737650
2nd Edition
Authors: Mr Barry Elliott, Mr Augustine Benedict
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