Answer Posted / sarabmeet khillan

concepts are:
1 bussiness entity concept
2 money measurement concept
3 going concern concept
4 accounting period concept
5 cost concept
6 duel-aspect concept
7 revenue recognition concept
8 matching concept
9 accural concept
10 stable monetary concept
conventions are:
1 relevance
2 objectivity
3 feasibility
ok.......

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