Complete the missing words by filling in the correct 'concepts terms
- Accounting Concepts is Rules of Standard whereby Accountants are guided to prepare FinancialStatements
- When a business operates with the idea of future continuity, this is called Continuity Concepts
- Where the Business life span is divided into equal periods of time, this is called Accounting period
- Where there is one standard measurement in all of the Business economic value, this is called Monetary Concepts