Question

explain any four concepts of accounting​

Answer 1

Answer:

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.

Answer 2

Answer:

*concepts of accounting*

1).the concepts of transaction.

2).accounting periods concepts.

3).realisation concepts.

4).concept of full disclosure.

Explanation:

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