Accounting Concepts or principles are accepted and followed by all those who record transactions in the books of accounts. You will study about some of these important concepts in detail in this lesson. After studying this lesson, you will be able to: state the jneaning of Accounting Concepts'; enumerate the four Accounting Concepts viz. Matching concept, accrual concept, realisation concept and dual aspect concept.
Accounting Concepts or principles are accepted and followed by all those who record transactions in the books of accounts. You will study about some of these important concepts in detail in this lesson. After studying this lesson, you will be able to: state the jneaning of Accounting Concepts'; enumerate the four Accounting Concepts viz. Matching concept, accrual concept, realisation concept and dual aspect concept.
Accounting Concepts or principles are accepted and followed by all those who record transactions in the books of accounts. You will study about some of these important concepts in detail in this lesson. After studying this lesson, you will be able to: state the jneaning of Accounting Concepts'; enumerate the four Accounting Concepts viz. Matching concept, accrual concept, realisation concept and dual aspect concept.