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Accounting concepts are ideas, assumptions and conditions based on which a business entity records its financial transactions and organises its bookkeeping. It helps a business interpret and integrate a financial transaction into the accounting process. It is important for a business owners and accountants to understand basic concepts to bring about consistency and uniformity in their accounting process. In this article, we examine accounting concepts and discuss the difference between concepts and conventions, along with the meaning of a few concepts.

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BoK&Tax is a one stop financial support system. (Company). My team and I are waiting patiently to break the iceberg, means we will provide you exceptional tax and bookkeeping services as well as tune/ Prepare you up you and your family’s tax return for the year end. BoK & Tax DOES NOT believe in ONE MAN SHOW, so you would not to have waiting for your Accountant / CPA to work on your book according to his / her available schedule. I believe in SPEED and service quality. My team will ensure my promise very single moment or minute you contacting or working with us. AI is transforming modern business rapidly, we must act smartly, strategically and precisely, thus We will update you about Business transformation analysis regularly by our advanced AI based support team. Last but not least, I welcome you to work with us as your own team.