What are Accounting Concept?
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Answer Posted / sushil mohan
Accounting Concepts are the principles followed by a
business concern regarding the Recording, Classifying,
Summerizing of transactions and the Analysis and Evaluation
of results. Accounting Concepts are as follow:
1.Seperate Entity Concept
2.Going Concern Concept
3.Money Measurement Concept
4.Cost Concept
5.Dual Aspect Concept
6.Accrual Concept
7.Accounting Period Concept
8.Relization Concept
9.Periodic Matching Concept
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