The concept that has much influence over asset valuation and income determination is? By: Sunday|Published on: Dec 6|Categories: Accounting JAMB| 0 comments A. entity B. realization C. conversactism D. matching Correct Answer: Option B – realization Users Also Read These:Jeng Limited disposed of a fixed asset in 1999 for…"A business unit is assumed to operate into…When a fixed asset is disposed off, the accounting…The disposable income of Uche increases by N10…The population of a country in a certain year was…SEE ALSO If a property developing company sells a completed building to an interested third party; this sale can be treated in the books of the company as?