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EXPLAIN / DESCRIBE the following concepts using your OWN business example/scenario: Business entity Going concern Matching concept Materiality Your explanation/description should include the limitations of
EXPLAIN / DESCRIBE the following concepts using your OWN business example/scenario:
- Business entity
- Going concern
- Matching concept
- Materiality
Your explanation/description should include the limitations of each concept, instances where the concept may not be applicable and why.
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