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2. Share Capital
a. Asset b. Equity c. income
3. Trade Payables
a. Asset b. Equity c. liability
7. Current Tax
a. Asset b. Expenses c. liability
13. Dividend
a. Income b. Expenses c. Reserve
Accounting Assumption or
Independanct Scenario Qualitative Characteristic
Reason
Revenue of Rs. 25,000 earned in the prior Revenue recognition principle and
year were recorded in the current year. Matching Principle
n or principle that has been violated and discuss how
Discussion