Which of the following concepts makes is binding for a business enterprise to record different monetary transactions

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Which of the following concepts makes is binding for a business enterprise to record different monetary transactions at the historical cost only?

(a) Cost concept

(b) Convention of materiality

(c) Accounting period concept

(d) Dual aspect concept

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Financial Accounting

ISBN: 9780071078023

1st Edition

Authors: Dhanesh K. Khatri

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Question Posted: Dec 13, 2023 12:23 PM

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Which of the following concepts makes is binding for a business enterprise to record different monetary transactions

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Financial Accounting

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