Question

what is accounting concept​

Answer 1

Answer:

• Accounting concepts are a set of general conventions that can be used as guidelines when dealing with accounting situations. ... Accounting information should be reliable. Accounting information should contain no biases. Accounting information should faithfully represent the related business transactions

Answer 2

Answer:

Accounting concepts are a set of general conventions that can be used as guidelines when dealing with accounting situations. ... Accounting information should be reliable. Accounting information should contain no biases. Accounting information should faithfully represent the related business transactions.