Assistant Accounts Interview Question:

Do you know what are the accounting concepts?

Submitted by: Muhammad

Accounting concepts are the basic assumptions on which the process of accounting is based.

Following are the accounting concepts:
☛ Business Entity Concept
☛ Dual Aspect Concept
☛ Going Concern Concept
☛ Accounting Period Concept
☛ Cost Concept
☛ Money Measurement Concept
☛ Matching Concept
Submitted by: Muhammad