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3 Accounting conventions are the broad basic assumptions which underlie the periodic preparation of financial statements. These are contained in IAS 1 Presentation of Financial
3 Accounting conventions are the broad basic assumptions which underlie the periodic preparation of financial statements. These are contained in IAS 1 Presentation of Financial Statements and must be followed. Required: State and explain all the conventions (25 Marks)
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Cost Accounting Principles And Applications
Authors: Horace R. Brock
5th Edition
0070081522, 978-0070081529
