Accountancy, asked by vinuthadp91, 7 months ago

write any two accounting convention​

Answers

Answered by Padmaguna
1

Answer:

Accounting conventions are guidelines used to help companies determine how to record business transactions not yet fully covered by accounting standards.

They are generally accepted by accounting bodies but are not legally binding.

If an oversight organization sets forth a guideline that addresses the same topic as the accounting convention, the accounting convention is no longer applicable.

Answered by sokoprabha
0

Answer:

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