what are accounting principles?

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what are accounting principles?..

Answer / heera

There are 3 Accounting principles. They are
1.Personal Accont:Receiver=Dr
Giver=Cr
2. Nominal Account:Expences/Losses=Dr
Incomes/Gains=Cr
3. Real Account:What Comes in=Dr
What Goes Out=Cr

Is This Answer Correct ?

9 Yes

3 No

what are accounting principles?..

Answer / t.r.n. sivakumar

Accounting principles consist of Accounting Concepts and
Accounting Conventions.
Accounting Concepts:
1. Business entity concept.
2. Dual Aspect concept
3. Accounting period concept.
4. Money measurement concept.
5. Realisation concept.
6. Matching concept.
7. Accrual concept.
8. Cost concept.
9. Going concern concept.
10.Rupee concept.

Accounting Convention:

1. Convention of consistency.
2. Convention of convervatism.
3. Convention of full disclosure.
4. Convention of materiality

Is This Answer Correct ?

4 Yes

1 No

what are accounting principles?..

Answer / h.r. sreepada bhagi

Accounting principles consist of Concepts & Conventions
mentioned by Sivakumar. There's no Rupee concept. These
principles are relevant all over the world under double
accounting system.
What's mentioned by Heera are Accounting Rules and not
principles.

Is This Answer Correct ?

2 Yes

0 No

what are accounting principles?..

Answer / isaac kamya

these include-cost principle,
revenue principle,
matching principle,
disclosure principle.

Is This Answer Correct ?

0 Yes

0 No

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