Question

different types of accounting concepts​

Answer 1

Explanation:

These basic accounting concepts are as follows:

1. Accruals concept. Revenue is recognized when earned, and expenses are recognized when assets are consumed.
2. Conservatism concept.
3. Consistency concept.
4. Economic entity concept.
5. Going concern concept.
6. Matching concept.
7. Materiality concept.

Answer 2

Answer:

BASIC CONCEPTS :-

Accruals concept. Revenue is recognized when earned, and expenses are recognized when assets are consumed. ...

Accruals concept. Revenue is recognized when earned, and expenses are recognized when assets are consumed. ...Conservatism concept. ...

Accruals concept. Revenue is recognized when earned, and expenses are recognized when assets are consumed. ...Conservatism concept. ...Consistency concept. ...

Accruals concept. Revenue is recognized when earned, and expenses are recognized when assets are consumed. ...Conservatism concept. ...Consistency concept. ...Economic entity concept. ...

Accruals concept. Revenue is recognized when earned, and expenses are recognized when assets are consumed. ...Conservatism concept. ...Consistency concept. ...Economic entity concept. ...Going concern concept. ...

Accruals concept. Revenue is recognized when earned, and expenses are recognized when assets are consumed. ...Conservatism concept. ...Consistency concept. ...Economic entity concept. ...Going concern concept. ...Matching concept. ...

Accruals concept. Revenue is recognized when earned, and expenses are recognized when assets are consumed. ...Conservatism concept. ...Consistency concept. ...Economic entity concept. ...Going concern concept. ...Matching concept. ...Materiality concept.

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