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Question on: WAEC Accounting - 2013

The basic assumption which underline the preparation of periodic financial statement is known as accounting

A
bases
B
techniques
C
concepts
D
method
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Correct Option: C

Accounting concepts and conventions are theĀ basic assumptionsĀ that underlineĀ theĀ preparationĀ of theĀ periodic financial statementsĀ of a business.

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