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Accounting Principles, Concepts & Conventions

Note: Complete comprehensive lesson with all accounting concepts, detailed Indian examples, practical applications, 7-day action plan, and quiz coming very soon!

Key Concepts Covered:

  • Business Entity Concept
  • Going Concern Concept
  • Money Measurement Concept
  • Accounting Period Concept
  • Cost Concept
  • Matching Concept
  • Realization Concept
  • Dual Aspect Concept
  • Full Disclosure
  • Consistency
  • Conservatism
  • Materiality

Each explained with Indian business examples and practical scenarios.