Accountancy, asked by rahulgupta41492, 6 months ago

what do you mean by accounting concept .

Answers

Answered by akanshaagrwal23

19

Explanation:

❤Accounting concept refers to the basic assumptions and rules and principles which work as the basis of recording of business transactions and preparing accounts.

Answered by pragatimaniyar13

0

accounting concepts define the assumption on the basis of which financial statements of a business entity are prepared .

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