Junior Accountant Interview Question:

Tell me 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