The draft accounts for the year ended 30 June 2020 for ACDC Pty Ltd showed a profit of $200,000. The Accountant wanted to make it to be lower, so he included expenses which related to July 2020 into the total expenses for the period. Which accounting concept has been violated? An employees union is working on a submission to put to the management of Cream Pty Ltd to increase the pay of employees. Which financial statement would the union be most interested in looking at when making this decision? Briefly explain your choice. Choose only one financial statement.