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ACCOUNTING CONCEPTS AND CONVENTIONS

Answer Posted / arjunanag@rocketmail.com

accounting concepts are actually 6. but some authors are
wrote 10

1. business entity concept
2. money measure concept
3. cost concept
4. duel concept
5. going concern concept
6. accounting period concept

concepts are reffered "ASSUMPTIONS"

conventions:

1. consistence
2. disclosure
3. materiality
4. conservatism

conventions are reffered "GUIDENCE"

Is This Answer Correct ?    4 Yes 2 No



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