Self-test Define, and illustrate with an example, the use of each of the following accounting concepts: (i)
Question:
Self-test Define, and illustrate with an example, the use of each of the following accounting concepts:
(i) Going concern
(ii) Consistency
(iii) Prudence
(iv) Accrual
(v) Historical cost
(vi) Materiality
(vii) Dual aspect
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