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a) Explain the prudence concept in relation to allowance for doubtful debt. (5 marks) b) Explain the consistency concept in relation to depreciation. (5 marks)
a) Explain the prudence concept in relation to allowance for doubtful debt. (5 marks) b) Explain the consistency concept in relation to depreciation. (5 marks) c) Explain business entity concept in relation to drawings. (5 marks) d) Explain accrual (matching) concept in relation to the financial accounts. (5 marks) e) Explain historical cost concept in relation to non-current assets
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Global Strategy
Authors: Mike W. Peng
5th Edition
0357512367, 978-0357512364
