what are the concepts & conventions of accounting?
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Answer Posted / k.usha kiran
concepts 8
1.accrual concept
2.accounting period concept
3.business entity concept
4.cost concept
5.dual aspect concept
6.money measuring concept
7.going concern concept
8.realisation or historical record concept
conventions:are 4
1.consistency
2.disclosure
3.meteriality
4.conservatism
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