what are concepts and conventions of accounting
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Answer Posted / parul goswami
Accounting Concepts
1-Business Entity COncept
2-Dual Aspects Concepts or Accounting Equation Concepts or
Balance Sheet Concept
3-Going Concern COncept
4-COst COncept
5-Money Measurement COncept
6-Accounting Period Concept
Accounting Conventions
1-Convention OF consistency
2-Convention OF disclosure
3-Convention OF Materiality
4-Convention OF Conservatism
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