Accountancy, asked by gursheenk959, 2 months ago

what is accounting conventions​

Answers

Answered by 677sanju
5

Answer:

Hello

Explanation:

Accounting conventions are guidelines used to help companies determine how to record certain business transactions that have not yet been fully addressed by accounting standards. These procedures and principles are not legally binding but are generally accepted by accounting bodies.

Answered by Lokesh12jun
2

Answer:

Accounting conventions are guidelines used to help companies determine how to record certain business transactions that have not yet been fully addressed by accounting standards. These procedures and principles are not legally binding but are generally accepted by accounting bodies

Explanation:

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