Types of Accounting Concepts

May 19th, 2015
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Northwest Missouri State University
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1)Money Measurement Concept 2)Legal Aspect Concept 3)Matching Concept 4)Accrual Concept 5)Dual Aspect concept 6)Cost Concept 7)Financial period Concept 8)Business Entity Concept 9)Revenue Concept 10)Realisation Concept

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convention of accountingA system of accounting that recognizes revenue and matches it with the expenses that generated that revenue. Unlike other systems of accounting, which recognize revenue and expenses in the order in which they are received, the accrual accounting convention ignores the fun

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