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Matching Implies consensus among different observers. Assumes all transactions can be identified with a particular entity. Economic entity assumption Assumes an entity will continue to

Matching

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Implies consensus among different observers. Assumes all transactions can be identified with a particular entity. Economic entity assumption Assumes an entity will continue to operate indefinitely. Requires reporting the financial life of an entity in discrete time frames. Ignore the possibility of inflation. Going concern assumption Periodicity assumption

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