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Exercise 2-07 The following are operational guidelines and practices that have developed over time for financial reporting. S

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S.no Principles
1 Monetary unit
2 Full disclosures
3 Historical cost and matching
4 Going concern
5 Fair value
6 Historical cost
7 Full disclosures
8 Revenue recognition and realization
9 Full disclosures
10 Full disclosures
11 Economic entity and control
12 Periodicity
13 Matching/Fair value
14 Historical cost
15 Matching
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