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ACCOUNTING CONCEPTS AND CONVENTIONS
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Answer Posted / arjunanag@rocketmail.com
accounting concepts are actually 6. but some authors are
wrote 10
1. business entity concept
2. money measure concept
3. cost concept
4. duel concept
5. going concern concept
6. accounting period concept
concepts are reffered "ASSUMPTIONS"
conventions:
1. consistence
2. disclosure
3. materiality
4. conservatism
conventions are reffered "GUIDENCE"
| Is This Answer Correct ? | 4 Yes | 2 No |
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