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Mark Austin, the managing director of Ultimo Travel decided to record a villa on the...

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Accounting

Mark Austin, the managing director of Ultimo Travel decided to record a villa on the Gold Coast that actually belongs to him, as an asset of Ultimo Travel because he thinks he might allow executives to use if sometimes. Which of the following accounting principles/concepts has not been complied with? Select one: a. Cost Principle b. Full Disclosure Principle c. Monetary Principle d. Going Concern Concept e. Accounting Entity Concept

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