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Explain the following accounting principles/concepts : …

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Explain the following accounting principles/concepts : 1.Accrual Concept 2.Business Entity Concept 3.Money Measurement Concept ??...

Posted by Saloni ? 3 years, 6 months ago

CBSE > Class 11 > Accountancy

4 answers

Prachi Manral 3 years, 5 months ago

3.Money Measurement concept : According to this principle, only those transactions they that are measured in terms of money or can be expressed in terms of money are recorded in the books of accounts of enterprise.

Prachi Manral 3 years, 5 months ago

1.Accural concept : accrual concept applies equally to revenue and expenses. As per this assumption,all revenue and cost are recognised when they are earned or incurred. 2.Business entity concept: According to this principle, business is treated as an entity which is separated and distinct from its owner.

Saloni ? 3 years, 6 months ago

??..

Sahil Singh 3 years, 6 months ago

Ye accountancy k 1 ch m ha Phadlo......

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