Discuss all the concepts of accounting?
Chapter1: Accounting As A Tool For Managers
Section: Chapter Questions
Problem 6Q: What is the purpose of management accounting?
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Discuss all the concepts of accounting?
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Introduction
Accounting concepts are list of concepts which are require to be used by all kind of business to prepare their financial statements and record their financial transactions in the books of account. Going concern, materiality, matching and accrual some accounting concept used by the business.
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