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accounting concepts
Accounting concept is any of the general assumptions on which accounts are prepared. Do you have a specific question about accounting concepts?
Expert answered|andrewpallarca|Points 14767|
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Asked 9/25/2012 2:11:06 PM
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distinguish clearly between accounting concepts and conventions
Weegy: Concepts tend to be written in the accounting standards whereas conventions are not and are assumed. Examples of concepts would be: Accruals concept, Prudence concept. Examples of conventions would be: double entry, [ accounting equation (assets - liabilities = capital) ] (More)
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Asked 9/25/2012 1:22:10 PM
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