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Question 10 1 Point 1. The accrual concept is also known as matching concept. 2.The...

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Question 10 1 Point 1. The accrual concept is also known as matching concept. 2.The basic purpose of matching concept is that revenues should be recognised (i.e. included in the statement of profit or loss) in the period in which they are earned, not necessarily when they are received. A Both statements are true B Both statements are false Statement 1 is false Statement 2 is false

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