Question

explain concepts and conventions of accounting

Answer 1

Accounting Concepts and Conventions. Accounting is the language through which the performance and financial status of an enterprise is communicated to the outside world. In order that the messages communicated through the accounting language is understood by the users, there should be certain common principles.

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Answer 2

Accounting Concepts and Conventions. Accounting is the language through which the performance and financial status of an enterprise is communicated to the outside world. In order that the messages communicated through the accounting language is understood by the users, there should be certain common principles.