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what is accounting concept? explian in brief?

Answer Posted / shraddha

Accounting concepts are
1 Going concern concept
2 money measurement concept
3 Dual aspect concept
4 Business entity concept
5 matching concept
6 Accounting period concept
7 Realization concept
8 Materiality concept
9 accrual concept
10 cost concept these are the all accounting concepts
All these cocepts are used in accounts functioning

for reducing problems or mistakes in accounting these
concepts are made

Such as dual aspect concept means double entry has
transferred

Entity concept means transaction are transferred to
enterpeneurs A/C etc.

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