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What do you understand by conservatism

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Reference no: EM132720402

Question: 1. Discuss relationship between Materiality and Full disclosure with the help of example.

2. What do you understand by "Conservatism"? Explain with example.

3. Define and differentiate between Depreciation, Amortization & Depletion.

4. Explain with hypothetical example Historical Cost; Current Cost.

5. Shortly discuss and give example for each of Assumptions of Accounting.

Reference no: EM132720402

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