_______ concept applies when Abdul Agro Limited bought a grinding machine and recorded the purchase at the amount of cash paid to purchase it. Using the same method of accounting over a considerable period is referred to as the _______ principle. If an accountant overstates a business entities resources (or material assets) then we can state that he is violating the _______ principle of accounting. M/s Gagan Cycle Ltd. (a) The accounts of M/s. Gagan Cycle Ltd. show a profit of 88,000 for the year. This includes an amount of 25,000 relating to an order just received. Based on this information, what will be the profit? (b) The corrected profit would be because we should apply the _________ concept. M/s Manish Boutique Ltd... During the year, Manish Malhotra had taken home some clothing fabric from his boutique, to present his wife a new suit for her birthday. He has included the cost of this stock (12,000) as a business expense while calculating the profits, which came to 62,000. Based on this information, what will be the profit? (a) The _______ concept applies here and the profit figure should be _______