Write a short note on ldquogoing concern conceptrdquo and, Financial Accounting

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Write a short note on ldquogoing concern conceptrdquo and

1. Write a short note on “Going concern concept” and “Full disclosure”.

2. Use the accounting equation to analyze the following Transactions:

a) Mr. X invests $30,000 cash to start a new business, X limited, in return for stock.

b) The X limited purchased supplies for $ 2,500 and paid in cash

c) The X limited purchased equipment for $ 26,000 on account

d) The X limited paid $ 200 cash dividends to its owner.

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Financial Accounting: Write a short note on ldquogoing concern conceptrdquo and

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Financial Accounting: Write a short note on ldquogoing concern conceptrdquo and

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