Question

State the acccountung concept sale is recognised on the basis of cash memo or invoice

Answer 1

Answer:

Explanation:

Objectivity concept

Accounting concepts are the fundamental ideas or basic assumptions underlying the theory and practice of financial accounting.

Objectivity concept:-

According to this concept accounting transaction should be recorded in an objective manner , free from bias by accountant and others. This can be possible by transaction supported by varifyable vouchers.

Answer 2

Answer:

yo! good question and easy too