Dear Friends,
If Accounting concepts are not followed, what is the consequence?
I mean, say for example, as per Accounting Concept-Concept of Consistency, The Accounting concept choosen shall be applied year after year.
If this concept is not followed by an entity, how entity will be made liable?
Regards.
Financial statement reveal wrong presentation which will be result in wrong decision for company.
O P Bagla & Co LLP
New Delhi
CA Inter
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BHUPINDER SHAH AND COMPANY
New Delhi
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SKAA & Associates
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