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explain accounting concepts
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Answer Posted / haritha
ACCOUNTING CONCEPTS MAY BE CONSIDERED AS POSTULATED i.e.,
basic assumptions or conditionss upon which the scienct of
accounting is based.There is no authoritative list of
theses concepts but most of the follwing concepts have
fairly general support. there are:- business entity, money
measurement , going concer, cost concept, dual Aspect,
Accounting period, matching, realisation, onjective
evidence, Accrual
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