Question

2. The term that refers the necessary assumptions and ideas which
are fundamental to accounting practice is:
a) Accounting conventioh b) Accounting concept c) Accounting
period d) Accounting Procedure​

Answer 1

Answer:

Accounting concept

Explanation:

Basic Accounting Concepts The basic accounting concepts are referred to as the fundamental ideas or basic assumptions underlying the theory and practice of financial accounting and are broad working rules for all accounting activities and developed by the accounting profession.

Answer 2

Answer:

(b) accounting concept is the right answer.

Explanation:

this isthe right answer