ACCOUNTING CONCEPTS 0.0 / 5 ? Accountingaccounting conceptsASAQA Created by: chloebuckbyCreated on: 14-09-15 10:44 6372154 Across 1. once the concept is chosen it should not change (11) 4. should be recorded in the year they take place (8) 5. the lower of the cost and NRV (8) 6. no personal opinions should help valuations (11) Down 2. items grouped together (11) 3. business and the owner have dofferent identities (8, 6) 7. the business is more than likely going to continue trading (5, 7)
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