Answer Posted / k.sravanthi
They are 10 concepts.They are as follow:
1.Business Entity concept
2.Going Concern concept
3.Money Measurement concept
4.Cost concept
5.Accounting Period concept
6.Dual Aspect concept
7.Matching concept
8.Realization concept
9.Accrual concept
10.Objective Evidence concept.
The above are Accounting Concepts..
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Opening stock 17499565 purchses 89693855 expanditure 1735800 deprciation 223309 patner salary 300000 interst paod 937500 provisions 119265 sales 91600120.adjustment 1 gross profit is 6.72percentage on sales.2.net profit is 3.10 percent on sales
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