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What are Accounting Concept?

Answer Posted / bashir a.y.i

these are set of guiding principles that are used to
minimise differece in the preparation and interpretation of
financial statement. some of the major convention include;&#65007;&#65007;
1. going concern&#65007;&#65007;
2. matching and accruals&#65007;&#65007;
3. prudency&#65007;&#65007;
4. realisation&#65007;&#65007;
5. entity

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