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What is accounting concept?

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2011-09-09 00:04:40
2011-09-09 00:04:40

Accounting concept are customs and tradition which are used as a guide for preparation of financial statements.

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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



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