Accountancy, asked by shreyasyadav2034, 6 months ago

state any 2accounting concepts​

Answers

Answered by muskanrani01
1

Answer:

the two accounting concepts are-

1. going concern concept...

2. consistency concept..

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Answered by PFLA
6

Accounting concepts lead to the basic assumption an the principles which work at the basis of working business transactions and preparing accounts .This concept assumes that, for accounting purposes the buisness enterprise and its owners are two seperate independent entities.

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