Question: Assuming principles can be classified into two categories: (a) Accounting concepts (6) Accounting conventions Explain each of the two giving the principles that fall under

Assuming principles can be classified into two categories: (a) Accounting concepts (6) Accounting conventions Explain each of the two giving the principles that fall under each (20 Marks)

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The detailed answer for the above question is provided below a Accounting concepts 1 Business entity concept This concept states that a business is a separate legal entity from its owners and should b... View full answer

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