JAMB - Accounts Principles Of Accounts (2019 - No. 32)

The two recognised accounting bases are

cash and credit

personal and impersonal

Accrual and Cash

Drawings and Private

Explanation

Accounting bases are the totality of method adopted by an enterprises for applying fundamental accounting concepts to its Financial transactions. However, the two bases are cash and Accrual basis

JAMB - Accounts Principles Of Accounts (2019 - No. 32)

Explanation

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