Introduction Reliable, relevant financial statements present the best information about a company's economic history, current financial health, and prospect for the future (Johnson, 2004). The preparation and presentation of financial statements require the use of certain rules to ensure truth, fairness, and consistency. Accounting employs a number of concepts. They underlie all traditional accounting in commercial organizations and are generally employed in non-commercial organizations as well (Bebbington et al, 2001). Although various concepts have been employed, few …
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showed last 75 words of 2223 total
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