State and explain one main accounting principle rule, Financial Accounting

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State and explain one main accounting principle rule

State and explain ONE main accounting principle, rule, assumption or any other concept from the conceptual framework of accounting that would be used by an accountant to solve the following problems.

i) The credit department of ABC Ltd believes that there is a 50:50 chance of one of its customers fleeing to USA for political reasons before he settles his bill for services provided to him within the last 3 months.

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Financial Accounting: State and explain one main accounting principle rule

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Financial Accounting: State and explain one main accounting principle rule

Reference No:- TGS01601412

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