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5:56 Introduction to accounting Final Exa... Exercise 3: Review your understanding of the following concepts and terms by writing a short explanation of each of

5:56 Introduction to accounting Final Exa... Exercise 3: Review your understanding of the following concepts and terms by writing a short explanation of each of them 1) Accountancy 2) Entity concept 3) Balance sheet 4) Realization concept 5) Trade credit 6) Trading cycle and credit transactions 7) A-CL *) Current liabilities 9) Fixed assets 10) Current assets 11) 12) Historie cost

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