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What Are Basic Accounting Concepts?

Answer»

Basic Accounting Concepts are:

  • ENTITY Concept.
  • MONEY Measurement Concept.
  • Going Concern Concept.
  • COST Concept.
  • DUAL Aspect Concept.
  • Full DISCLOSURE Concept.
  • Objectivity Concept.
  • Accrual Concept.

Basic Accounting Concepts are:


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