Accountancy, asked by farzansiddiquee, 1 year ago

Give five points in support of the need for accounting

Answers

Answered by yugeshkumar1112

1

Answer:

Accruals concept. Revenue is recognized when earned, and expenses are recognized when assets are consumed. ...

Conservatism concept. ...

Consistency concept. ...

Economic entity concept. ...

Going concern concept. ...

Matching concept. ...

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