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What could you say about these concepts? Indicate the significance of FIVE of the following accounting concepts in the preparation and interpretation of accounting reports.

What could you say about these concepts?

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Indicate the significance of FIVE of the following accounting concepts in the preparation and interpretation of accounting reports. (a) Going concern (b) Accruals (c) Consistency (d) Prudence (e) Materiality (f) Substance over form (9) Relevant (h) Reliable (10 marks)

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