ACCOUNTING CONCEPTS

EXPLAIN WITH THE HELP OF SUITABLE EXAMPLE , ACCOUNTING AND ITS IMPORTANT ?

Your Answer

ACCOUNTING IS AN ART OF RECORDING,CLASSIFING,SUMMRAISING,ANALISING,INTERPRETING THE RESULTS THERE OFF.
CONCEPTS OF ACCOUNTING 
1.BUSINESS ENTITY CONCEPT
2.GOING CONCERN CONCEPT
3.DUAL ASPECT CONCEPT
4.MONEY MEASUREMENT CONCEPT
 

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