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Define Accounting. What are its objectives? Briefly explain the accounting concepts which guide the accountant at the recording stage. Define Accounting. What are its objectives? Briefly explain the accounting concepts which guide the accountant at the recording stage. |
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Answer» Explanation: accounting concepts are BUSINESS ENTITY ACCOUNTING PERIOD COST CONCEPT MATERIALITY CONCEPT MATCHING CONCEPT DUAL ASPECT CONCEPT REVENUE RECOGNITION VERIFIABLE EVIDENCE CONCEPT GOING CONCERN ACCRUAL CONCEPT |
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