Question

Date
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what do you mean by accounting concept
12. Poumo earnd and cost of carning that temuve
- should properly intontify for period. Repair
i hal are accounting concepts P. Explain my a
lg Exphin the enterly concept, with ag
is capital is the liabilities of bussiness. explain the
entement with principle applied
6 why it is necessary for nccnonlance to assume the
business entity will remain a going concern
What is basic accounting antion​

Answer 1

Explanation:

The role of accounting has now shifted from that of a mere recording of business transactions to that of providing information to managers and other various interested parties in order to help them in making appropriate decisions.