Question

Identify the accounting concept which state following: 1.Aishwarya runing a business of garments recorded sales of goods without issuing any cash memo or invoice​

Answer 1

Answer:

Objectivity Concept

Explanation:

This concept states that the accounting transaction recorded should be objective, i.e. free from any bias of the person recording it. So each transaction should be verifiable by supporting documents like vouchers, bills, letters, challans, certificates, invoices etc.

Answer 2

Answer:

naa pataa... .........