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QUESTION 13 a). Briefly explain the following: i Prudence concept (2 marks) ii. iii. Going Concen concept (2 marks) Accrual concept (2 marks) 1V. iv. Consistency concept (2 marks) v. ateriality concept (2 marks b). Write short notes on the following with two examples of each i)Capital expenditure (3 marks) ii)Revenue expenditure (3 marks) QUESTION 13 a). Briefly explain the following: i Prudence concept (2 marks) ii. iii. Going Concen concept (2 marks) Accrual concept (2 marks) 1V. iv. Consistency concept (2 marks) v. ateriality concept (2 marks b). Write short notes on the following with two examples of each i)Capital expenditure (3 marks) ii)Revenue expenditure (3 marks) Achiesco Enterprise Balance Sheet at 31st December, 2003 Fixed assets Cost Depreciation Net book value 100,000 18,000 118,000 27,000 4,100 31,100 Premises at cost 73,000 13.900 86,900 Plant at cost Current assets Stocks Debtors Less provision 12,500 27,500 550 26,950 300 39,750 Prepayments Current liabilities Creditors Accruals Bank overdraft 16,000 3,700 18,950 38,650 Net current assets 1,100 88,000 Long-term liabilities Mortgage 30,000 58,000 Financed by Capital Add net profit 80,000 3,000 83,000 25,000 58,000 Less drawings You are required to compute operation cash conversion cycle for Achiesco Enterprise (20

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