Question

In charging the whole amount of rs1400 ooo spent on purchase of personal computer to the of the current year, which of the following concept has been violated (a) Revenue recognition concept Ibi conservatism concept (0) Going concem concept Id consistency concept​

Answer 1

Answer:

@opagal02

Explanation:

I am not sure abt the answer

It assumes that the business entity has a distinct and separate entity from its owners.

For the purposes of accounting also business and owner is to be treated as separate entities.

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