The concept of realisation means that: (a) items are accounted for in the period in which the

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The concept of realisation means that:

(a) items are accounted for in the period in which the associated cash flow occurs

(b) items are recognised when the directors realise that a cost has been incurred

(c) items are accounted for when only they can be objectively measured

(d) items are recognised when the associated cash becomes reasonably certain of being received

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Financial Accounting

ISBN: 9780273703600

4th Edition

Authors: Anne Britton, Chris Waterston

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