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Tag: money measurement concept

ACCOUNTING CONCEPTS AND CONVENTIONS NOTES

Posted on July 17, 2022 By commerceiets No Comments on ACCOUNTING CONCEPTS AND CONVENTIONS NOTES
ACCOUNTING CONCEPTS AND CONVENTIONS NOTES

QUESTION: Discuss important Accounting Concepts? Accounting Concepts are the foundation of the accounting. These concepts are the assumptions which are generally accepted and followed while performing the recording of transactions and preparation of final accounts. The accounting concepts help in conveying the financial information in a same meaning to the various users of the accounting….

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