Though income is usually accounted for on an accruals concept, dividends proposed by an entity in which
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Though income is usually accounted for on an accruals concept, dividends proposed by an entity in which shares are held are not accounted for until received. The accounting convention used is:
(a) Prudence and consistency
(b) Consistency and going concern
(c) Realisation and prudence
(d) Prudence and realisation
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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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