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various accounting concepts
#1
very very important. one question must appear in exam

concepts observed at recording stage
1 business entity concept
2 money measurement
3 object evidence
4 historical record
5 cost concept
6 dual aspect
7 revenue and accural concept

concept observed at reporting stage
1 going concern concept
2 accounting period
3 matching concept
4 conservatism & convension
5 consistency
6 full disclosure
7 materiality concept
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#2
yes 2 marks ka aaya tha nov me .me confuse ho gya tha konsa kisme aata hia ...
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#3
arre answer to batao bhai
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