Briefly explain the following accounting terms, providing an illustrative example in each case: a) Recognition b)

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Briefly explain the following accounting terms, providing an illustrative example in each case:

a) Recognition

b) — Accruals C) Net realisable value 170 | SECTION 2. FINANCIAL ACCOUNTING Exercises: (answers available to lecturers)

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Financial Accounting For Non Specialists

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Authors: Catherine Gowthorpe

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Briefly explain the following accounting terms, providing an illustrative example in each case: a) Recognition b)

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Financial Accounting For Non Specialists

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