Answer Posted / suhasini

Accouting Concept are:
1) Going Concern
2) Consistency
3) Accrual

Going Concept: Accounting Operations for
the forseeable future

Consistency: Using same/similar type of accounting policies

Accrual: accouting operations for retail and merchantile
base

Please do tell me about the questions which are asked at BACS FINAL ROUND.

1698

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1598

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1549

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1581

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Expand-------CSNA

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1587

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1771

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outstanding expenses, prepaid or unexpired expenses

3519

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