If we follow accrual basis of accounting....will it be in
conflict conservatism concept?
Answer / vignesh
In an Accrual basis of accounting we were recorded all the
items like prepaid and receivables, so if we convert
accounting assumption to other concepts there some confilict
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What form of classification of expenses is expected for a charity whose gross income does not exceed ?250,000 preparing accruals accounts?
goodwill value of two and half time of the average of three yare profit of firm total threeyare (1237500)
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