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What are accounting Principles?
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Answer Posted / komal
accounting principals are uniform set of rules or
guidelines developed to enshure uniformity and easy
understanding of of the accounting information.
types of accounting principals
1.accounting of concept
2.accounting of convention.
*accounting of concept;
1business entity concept
2money measurement concept
3going concern concept
4accounting period concept
5cost concept
6dual aspect concept
7revenur recognisation concept
8matching concept
9accrual concept
10objective concept
accounting of convention;
1convention of full disclosure
2convention of meterariality
3convention of conservatism
4convention of consistency
| Is This Answer Correct ? | 30 Yes | 2 No |
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