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Accounts are maintain on the base of solid and effective record and proof of transaction in the books of accounts
Accounts are maintain on base of Accrual Concept. It is one of the importance concept of Generally Accepted Accounting Principles.
(1) is the Correct Ans.
Accrual Concept.
Accounts are maintain on bass of Accrual Concept.
Accounts are maintained upon the concept of "ACCRUAL" .therefore answer is "Accrual Concept".
Accrual concept is correct answer because the account payment and received is not done at one day activities
