Question

Explain the account concept and conversation ?

Answer 1

Answer:

Accounting concepts are the fundamental accounting assumptions that act as a foundation for recording business transactions and preparation of final accounts. ... On the other extreme, accounting conventions are the methods and procedures which have universal acceptance.

pls follow me

Answer 2

Answer:

Here is your answer

Hope this can help you

Please mark me as brainlist

Accounting concepts are the fundamental accounting assumptions that act as a foundation for recording business transactions and preparation of final accounts. ... On the other extreme, accounting conventions are the methods and procedures which have universal acceptance.