discuss accounting concepts clearly showing the ability to aid in providing useful information to users

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Robert · Accepted Answer

Discuss accounting concepts clearly showing the ability to aid in providing useful information 
to users
 The major accounting concepts are:- 
1. Accrual concept: - It states that a company must account for the transactions in the period 
they occur irrespective of the fact whether cash has been paid or not. The period in which 
services are received or delivered accounting has to be done.

discuss accounting concepts clearly showing the ability to aid in providing useful information to users

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