Self-test Define, and illustrate with an example, the use of each of the following accounting concepts: (i)

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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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