This concepts simply states that all revenue and and expenses are credited to the correct accounting period, not simply when the cash is received or payment made.
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Valuation Concept is Valuation concept no concept about it.
It is a mathematical concept. It does not have a concrete existence.It is a mathematical concept. It does not have a concrete existence.It is a mathematical concept. It does not have a concrete existence.It is a mathematical concept. It does not have a concrete existence.
There is no such concept in maths. A plane figure is a mathematical concept but that is not what the question is about.
Concept used with an object. For exampel: We will concept the car at the next meeting.
A concept, in mathematics, is a general idea - the same as it is elsewhere.A concept, in mathematics, is a general idea - the same as it is elsewhere.A concept, in mathematics, is a general idea - the same as it is elsewhere.A concept, in mathematics, is a general idea - the same as it is elsewhere.