A. bases
B. techniques
C. concepts
D. method
Correct Answer: Option C
C. concepts
Explanation
Accounting concepts and conventions are the basic assumptions that underline the preparation of the periodic financial statements of a business.
A. bases
B. techniques
C. concepts
D. method
Correct Answer: Option C
C. concepts
Explanation
Accounting concepts and conventions are the basic assumptions that underline the preparation of the periodic financial statements of a business.
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