Math, asked by kmuzammilkhan096, 2 months ago

explain any 4 accounting concept

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Answered by ka371973m2

5

Answer:

These basic accounting concepts are as follows: Accruals concept. Revenue is recognized when earned, and expenses are recognized when assets are consumed. ... Economic entity concept. The transactions of a business are to be kept separate from those of its owners.

Answered by peehuthakur

1

Answer:

These basic accounting concepts are as follows: Accruals concept. Revenue is recognized when earned, and expenses are recognized when assets are consumed. ... Economic entity concept. The transactions of a business are to be kept separate from those of its owners

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