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The convention of cost benefit takes into account all prospective losses but leaves all prospective...

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Accounting

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The convention of cost benefit takes into account all prospective losses but leaves all prospective profits. Select one: O True False Trading Account is prepared to know: Select one: O a. Gross Profit or Loss of business O b. Financial Position of business O c. Net Profit or Loss of business O d. Both (A) or (B) Management accounting is not bound by the accounting standards. Select one: True False

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