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Financial statements of an entity are prepared at regular intervals in accordance with which accounting concept?

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Accounting period concept.
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Kiruthiga
What are the fixed assets? Give example.
as per as 10 fixed asset is an asset which is beingh kept in the business for the purpose producing goods or rendering services i e that asset is not being held for the purpose of sale in the normal course...
Vishal
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Define Matrix.
Collection of numbers arranged in rows and columns.
Deepti
Why are rules of debit and credit same for liability and capital?
According to the accounting entity concept, business is seperated from its owner.So the investment made by the owner (ie capital) is the fund that is to be repaid to the owner itself, at the very last...
Sanjay
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