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'The Cost Principle' over the years many experts believe that using cost principle is losing its significance because it is believed to not reflect the

'The Cost Principle' over the years many experts believe that using cost principle is losing its significance because it is believed to not reflect the true position of the business. However, there are no alternate principle which the world of accounting can adopt without being expose to fraud. This will also enable you to discuss 'The Objectivity Principle' as the cost principle has remained the most objective form reporting mechanism.

1. Describe and example of Cost Principle issues any company?

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