Question

describe based on accounting Concepts and Convention​

Answer 1

Explanation:

Accounting concept:-

Accounting concept are the assumption rules and principals which works as the basis of recording Business transaction.

Answer 2

Heya mate

Accounting concept is nothing but a theoretical notion that is applied while preparing financial statements. ... The accounting concept is basically related to the recording of transactions and maintenance of accounts. As against, the accounting conventions focus on the preparation and presentation of financial statements

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