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ACT140: Financial Accounting Project 1. Discuss the importance of following Accounting Concepts by giving suitable example of how they are used in accounting: [1200 words]

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ACT140: Financial Accounting Project 1. Discuss the importance of following Accounting Concepts by giving suitable example of how they are used in accounting: [1200 words] e. Conservatism Concept: f. Matching Concept: g. Realization or Recognition Concept: h. Consistency Concept

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