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प्रश्न
What is meant by accounting concepts?
उत्तर
Accounting concepts are the basic assumptions or conditions upon which accounting has been laid. Accounting concepts are the results of broad consensus. The word concept means a notion or abstraction which is generally accepted. Accounting concepts provide a unifying structure to the accounting process and accounting reports.
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संबंधित प्रश्न
Answer in One Sentence:
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Give the word term or phrase which can substitute the following statement:
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Give the word term or phrase which can substitute the following statement:
Art and science of recording business transactions.
State whether the following statement is true or false with reasons:
Book-keeping and accounting are one and the same thing.
Do you agree or disagree with the following statements :
Book-keeping is an art, science and profession.
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