Question: Write short notes on the different assumptions (Separate entity, Going concern, Money measurement, Realisation concept, Accruals including matching, Historical cost, Materiality, Prudence and Substance over

Write short notes on the different assumptions (Separate entity, Going concern, Money measurement, Realisation concept, Accruals including matching, Historical cost, Materiality, Prudence and Substance over form) that need to be considered while preparing a financial statement. Cite the name of each authors according to the different assumptions.

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