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list out the accounting concepts and explain the accural
concept
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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
| Is This Answer Correct ? | 45 Yes | 13 No |
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