While putting the value or price of an entity in financial records the lowest price is recorded
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Question:
While putting the value or price of an entity in financial records the lowest price is recorded not the current price or current market value. This is known as
A Business Entity Concept
B Conservatism
C Expenditure Concept
D Money Measurment Concept
Related Book For
Advanced Financial Accounting
ISBN: 978-0137030385
6th edition
Authors: Thomas Beechy, Umashanker Trivedi, Kenneth MacAulay
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