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(79)-SUMMARY ABOUT ACCOUNTING CONCEPTS

Friday, January 15, 2010

Summary about Accounting Concepts

In preparing financial statements, certain fundamental accounting concepts are adopted as a framework.
Two such accounting concepts are identified in financial reporting standards accounting policies as the bedrock of accounting.


A number of other accounting concepts may be regarded as fundamental.

3 comments:

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swaroop said...

This post is really nice and informative. The explanation given is really comprehensive and informative..

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