on 7 A- B I .. uditor Sam Alex was auditing the accounting statements of...
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Accounting
on 7 A- B I .. uditor Sam Alex was auditing the accounting statements of Johnson & Johnson company. He had following observations. Johnson & Johnson company had paid the rent of 2020 in 2019 and some utility bills of 2020 in 2019. Explain the accounting concept or convention which is applicable in this context and also comment whether this treatment is a violation or not. Response
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