Accountancy, asked by narerdramodi7440, 6 months ago

Explain the relationship of accounting theory and accounting practice

Answers

Answered by shrishtisharma2501

1

Answer:

In Accounting Theory all accounts balance; there are no untidy loose ends.

***In Accounting Practice there are times when the only way to get accounts to balance is by using the GOK* Account.***

Explanation:

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