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define current assets? asked on 30/7/09
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explain how the accounting concept of prudence is observed when a business provides for the depreciation of its non current assets
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An accountant used the horizontal layout to create a balance sheet. The capital of the owner was shown next to the liabilities, the confused owner argues, "My capital is my major asset and should be shown as an asset on the statement of financial position. how to begin explaining the misunderstanding to him????