Answer to Question #152662 in Other for Bishem

Question

Using hypothetical and realistic organization, present different scenarios that may lead to a deviation from the proper use of the following concepts
1. Entity concept
2. Realisation concept
3. Prudence concept
4. Accruals concept
5. Going concern concept
6. Materiality concept
7. Substance over form
8. Money measurement concept
9. Cost concept
10. Time interval concept
The accounting concept in each must be first explained, before the deviation may be discussed.

Answer 1

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