Question: Answer should be in detail please I only have one question limit left please solve Financial accounting 2nd semester Q3: Accounting concept refers to the

Answer should be in detail please I only have one question

Answer should be in detail please

I only have one question limit left please solve

Financial accounting

2nd semester

Q3: Accounting concept refers to the basic assumptions and rules and principles which work as the basis of recording of business transactions and preparing accounts. This concept assumes that, for accounting purposes, the business enterprise and its owners are two separate independent entities. Discuss the major concepts ANY (5) of accounting by providing appropriate examples. 05 05 Q4. Discuss the rules for debit and credit. **************"think before you answer the questions". ***** **************

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