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What are accounting Principles?
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Answer Posted / srinibas pattnaik
The basic princples of accounting are method of accounting
and rules of accounting .Accounting Principles devided into
two types.
A)concepts & B)conventions
A)conepts.
1.Entity concept.
2.Going concern concept.
3.Cost cocept.
4.Realization concept.
5.Accounting period concept.
6.Dual aspect concept.
7.Money measurement concept.
8.Matching concept.
9.Materiality concept.
B)conventions.
1.Relevance convention
2.Objectivity convention
3.Feasibility convention
| Is This Answer Correct ? | 37 Yes | 18 No |
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