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.
Austin Med Solutions Pvt Ltd
Bengaluru
CA
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Eshwar & Co Chartered Accountants - Nungambakkam
Chennai
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