what are the concepts of accounting ?
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Explanation:
These basic accounting concepts are as follows:
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. ...
Materiality concept.
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CONCEPTS OF ACCOUNTING
- Business Entity
- Money Measurement
- Going Concern
- Accounting Period
- Cost Concept
- Duality Aspect concept
- Realisation Concept
- Accrual Concept
- Matching Concept
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