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Basics Of Accounting Class 11. Find your query subject info. This concept requires that business transactions should be recorded in such a manner that profits are not overstated.
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D accounting period concept. Accounting statements are prepared at the end of this accounting period. View all subjects.
This concept states that accounting should focus on material facts.
Jul 30 2020 02 basic accounting terms class 11 accountancy class 11 book keeping and accountancy basics video lectures is created by the best commerce teachers for commerce preparation. Most of the entities in india follow an accounting period of one year starting from 1st april and ending on 31st march of next year. Basic accounting terms class 11 accounts chapter 2 part 1 video 1basic accounting terms class 11 chapter 2 chapter 2 accounts accountancy. This concept states that accounting should focus on material facts.
