Question

different accounting conventions

Answer 1

hiii,

This is also known as the materialityconvention. ... Generally AcceptedAccounting Principles, known as GAAP, are updated regularly, reflect the latest accounting conventions and specific rules, and are the definitive source of accounting guidelines that companies rely on when preparing their financial statements.

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Answer 2

HI FRIENDS


Conversation of Disclosure : This conversation requires that accounting statements should be honestly preapared and all significant informations should be disclosed therein .

Conversation of Consistency

Conversation of Conservation


Conversation of Materiality .



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