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accounting standards and accounting concepts

This query is : Resolved 

09 May 2008 hello....
i would like to know the difference between accounting standards and accounting concepts

10 May 2008 STANDARD MEANS THE STANDARDS PRESCRIBED BY ICAI
ACCOUNTING CONCEPT MEANS ITS A PART OF ACCOUNTING PRINCIPLES.
ACCOUNTING PRINCIPLES INCLUDES BOTH ACCOUNTNG CONCEPTS AND ACCOUNTING CONVENTION.


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