Tag Archives: accounting concepts and conventions

Accounting Concepts Definitions Part : 3 ( Money Measurement Concept ,Reliability Concept )

accounting Concepts

Money measurement concept and Reliability Concept 4. Money Measurement Concept Accounting concept stands on 4 basic ones and money measurement concept is one of them. money measurement concept state- “ Any transaction which can be measured in monetary value and are relevant to business transactions, will be recorded and anything otherwise will be left out of the […]

Accounting Concepts Definitions Part : 2 ( The Relevance Concept )

3. The Relevance Concept Accounting concepts have different alleys. You have already been introduced to the first two and now time to dive deep. [Remember that the topic (Accounting concepts) in discussion here is not merely one concept or, a collection of some and solely so. But, it is based on something different. Here you […]

Accounting Concepts Definitions Part : 1 (The Going Concern concept, Accounting Period concept)

Accounting Concepts – What are they? Every accounting student must have felt the same in their primary stages and that’s because all the roar about accounting concepts and the apparent failure to learn them effectively. For now feel free, because all your confusions and fears about such stuff are going to be blown apart and […]