Answer Posted / murali royal

Accounting concepts: Means The basic conditions and basic
assumptions based on accounting is done.

Concept: Means an idea or notion or thought which should be
accepted by universal.

They are:

1. Accrual concept
2. Accounting period concept
3.Business entity concept
4.Cost concept
5.Dual aspect concept
6.Money measurement concept
7.Matching concept
8.Going concern concept
9.Historical concept
10.Realization concept

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Expand-------URM

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