Great Deal! Get Instant $10 FREE in Account on First Order + 10% Cashback on Every Order Order Now

What are accounting concepts and conventions with examples if possible

1 answer below »
What are accounting concepts and conventions with examples if possible
Answered Same Day Dec 22, 2021

Solution

David answered on Dec 22 2021
126 Votes
Question:
What are accounting concepts and conventions with examples if possible?
Solution:
In preparing financial statements and accounts, certain fundamental rules, assumptions,
conventions or principles are to be followed. These principles or rules are more usually known as
accounting concepts.
There are two accounting concepts they are
- Going concern Concept
- Accrual Concept
Going...
SOLUTION.PDF

Answer To This Question Is Available To Download

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here