Question: Mr Amjad is planning to start a business. He follows various accounting concepts and conventions which helps his business run smoothly. 1. Which accounting concept

Mr Amjad is planning to start a business. He follows various

Mr Amjad is planning to start a business. He follows various accounting concepts and conventions which helps his business run smoothly. 1. Which accounting concept help him to assume that the revenue is realized? 2.Which could be the different basis of accounting that can help him recording the revenue realized. Explain with examples

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