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What are Accounting Concept?
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Answer Posted / shilpa
Accounting Concept are customs & tradtions which are used
as a guide for preparation of financial statements.
Following are the types of Accounting Concepts
1)Money Measurement Concept
2)Legal Aspect Concept
3)Matching Concept
4)Accrual Concept
5)Dual Aspect concept
6)Cost Concept
7)Financial period Concept
8)Business Entity Concept
9)Revenue Concept
10)Realisation Concept
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