Accountancy, asked by starboy63, 2 months ago

explain the following principal of accounting 1) principal of going concern concept 2) principal of accrual concept​

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Answered by mehakShrgll
2

Two concepts, or principles, that the accrual basis of accounting uses are the revenue recognition principle and the matching principle .The general concept of accrual accounting is that economic events are recognized by matching revenues to expenses (the matching principle) at the time when the transaction occurs rather than when payment is made or received

Answered by Romeo14397
1

Answer:

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