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1. Identify clearly that company follow General Acceptable Accounting Principle (GAAP) OR International Accounting Standards (IAS) (IFRS) from International Accounting Standard Board (IASB). (2 Marks)

1. Identify clearly that company follow General Acceptable Accounting Principle (GAAP) OR International Accounting Standards (IAS) (IFRS) from International Accounting Standard Board (IASB). (2 Marks) 2. Identify any THREE (3) Accounting principles, assumptions and constraint that company is following while adopting conceptual framework. (2x3 = 6 Marks)

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