Accountancy, asked by harjeetkaur513, 2 months ago

accounting conventions means assumptions of accounting or assumptions are different than accounting conventions.
m confused with the term assumption & conventions weather it is same or . please tell me

Answers

Answered by sourabhdheer

1

Answer:

Both are different.

Explanation:

conventions are outcome of practice.

But assumptions are necessary to follow to smoothen the accounting process.

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