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Q. |
A trader has made a sale of Rs.75,500 out of which cash sales amounted to Rs.25,500. He showed trade receivables on 31-3-2014 at Rs.25,500. Which concept is followed by him? |
A. | Going concern |
B. | Cost |
C. | Accrual |
D. | Money measurement |
Answer» C. Accrual |
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