answersLogoWhite

0

Accounting concept and convention

Updated: 4/28/2022
User Avatar

Wiki User

9y ago

Best Answer

Accounting concepts and conventions are a list of standard practices. These develop a framework for accounting and are used by Accountants and students for learning.

User Avatar

Wiki User

9y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Accounting concept and convention
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What is difference between accounting concept and convention?

I think it is concept means subget.


What is the importance of accounting concept and convention to an organisation?

accounting is a very basic function of buisness .it show a financal position of buisness without accounting no buisness con run properly.


What is Distinguish Between Accounting Convention And Aoncept?

Distinguish Between Accounting Convention And Aoncept


Concept of social responsibility accounting?

concept of responsibility accounting


What are accounting conversion and concept?

accounting concept are the basic knowledge of accounting on which basis monetry transation are made in accounting book.


What Basic 8 concepts of financial accounting?

There are eight accounting concepts: Business entity concept, cost concept, going concern concept, matching concept, objectivity concept, unit of measure concept, adequate disclosure concept, and accounting period concept


What are the concepts of accounting?

where are 7 Accounting concept in the books of CIE which are done for methods e.g deprecation=prudence if the company will complete forward=going concern etc.idea is more basic to accounting than the accounting unit or entity, a term used to identify the organization for which the accounting service is to be provided and whose accounting or other...Accounting concept are customs and tradition which are used as a guide for preparation of financial statements


What are the fundamental concept of accounting?

basic principle of accounting


What are the basic accounting concept and their implication?

basic concepts of accounting


What is difference between accounting concept and accounting principles and convention?

Accounting concepts are essentially theories. Accounting principles are measures and processes that have proven to be successful when used. Conventions are beliefs within the discipline that help make things efficient.


Differentiate between accounting and accounting convention?

Accounting means the systematic recording,reporting and analysis of financial transactions of a business.While accounting convention means legally-binding practice; rather, it is a generally-accepted convention based on customs, and is designed to help accountants overcome practical problems that arise out of the preparation of financial statements.


What is reliability concept in accounting?

ddsacdsc