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According to the convention of conservatism, no anticipated or unrealized profits should be taken into consideration while preparing the profit and Loss Account and Balance

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According to the convention of conservatism, no anticipated or unrealized profits should be taken into consideration while preparing the profit and Loss Account and Balance sheet. (2 Marks) Select one: True O False Previous page Next pag 567 8 101213 14 | 15 | 12

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