THE IMPORTANCE OF ACCOUNTING CONCEPTS AND CONVENTIONS IN THE PREPARATION OF FINANCIAL STATEMENT COULD BE SEEN IN THE ASSESSMENT OF FINANCIAL VIABILITY OF AN ORGANIZATION
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY Every business organization whether in the public or private sector is established to achieve certain objectives. This could be profit maximization as in the case of the private sector or efficient and timely provision of essential services at a reduced price, as in the case of the public sector. The performance of such business organization has to be reported in monetary terms ...
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