Accounting Concepts: Top 7 Concepts of Accounting
This article throws light upon the top seven concepts of accounting. The concepts are: 1. The Money Measurement Concept 2. The Business Entity Concept 3. The Ongoing Concern Concept 4. The Cost Concept 5. The Dual Aspect Concept 6. The Accrued Concept 7. The Realisation Concept. Concept # 1. The Money Measurement Concept: The record is important in terms of [...]