Question

discuss all the concepts of accounting.

Answer 1

MARK ME AS BRAINIEST

Accounting concept :-

Accounting concept refers to the basic assumptions and rules and principles which work as the basis of recording of business transactions and preparing accounts. This concept assumes that, for accounting purposes, the business enterprise and its owners are two separate independent entities.

Popular Concepts of Accounting:-

1. Money Measurement Concept: ...
2. Business Entity Concept: ...
3. Going Concern Concept: ...
4. Cost Concept: ...
5. Dual Aspect Concept (Accounting Equation Concept): ...
6. Accounting Period Concept: ...
7. Matching Concept: ...
8. Realisation Concept