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Gaap ppt Gaap ppt Presentation Transcript

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  • GOING CONCERN CONCEPT
  • Money Measurement Concept
    For example a firm has 2 chairs, 1 car, 3 machines. This information is not much meaningful. But if the same information is provided like chairs Rs. 2000, car Rs. 100000, machines Rs. 50000 then it is a meaningful information.
  • Accounting Period Concept