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What are Accounting Concept?
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Answer Posted / parwez alam
accounting is an art of recording,classifying,summarising
and interpretation the transactions.
it is something which is recorded chronologically in the
books of accounts to have a record of all the transactions
taken place in the business course of action.
accounting is done to get profit and loss during the
accounting period and to know about the assets n liabilities
of the business.
accounting is done to provide some certain information to
the interested ones.
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