English, asked by varsha6944, 3 months ago

hi..... dhruv
what happened pic snt chethilao

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Answered by asuryavarsha2016

1

These basic accounting concepts are as follows: Accruals concept. Revenue is recognized when earned, and expenses are recognized when assets are consumed. ... Economic entity concept. The transactions of a business are to be kept separate from those of its owners.

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