The IASB conceptual framework identifies .19 "accrual basis accounting" as one of its .fundamental assumptions * (1 ) False True Assets are resources owned by the entity as a .20 result of past events and from which future economic benefits are expected to flow to the .entity * (1 ) False True One of the following is not considered as an .21 :Assumption * (1 ) Accrual basis Economic entity Full disclosure Going concern Periodicity Ali owned restaurant and clothes store, each .22 of these business prepare its financial statement separately. this an example of * (1 ) Going concern Periodicity Full disclosure Economic entity
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