What are accounting Principles?
Answer Posted / thirupathi venaganti
Accouting principles are divied in to two type
1.cocept
2.convention
concept are classified into 10 type
1.buisness entity concept
2.dual aspect concept
3.going concern concept
4.matching concept
5.historical concept
6.money measurement concept
7.accrual concept
8.accouting period concept
9.rupee value concept
10.realisation concept
2.CONVENTIONS
1.convetion of full disclosure
2.convetion of materiality
3.convetion of cosistency
4.convetion of conservatism
| Is This Answer Correct ? | 3 Yes | 0 No |
Post New Answer View All Answers
What do you know about the recent satellite launch?
Share your views on NBFCs?
Do you know headquarters of some Indian Government Banks?
What are the different associate banks of SBI?
What is the theme of the Olympic Torch?
what is the role of Actuarial Analyst in the insurance company?
How will you define KYC?
Explain the role of SEBI?
What are the features of negotiability?
What is depreciation and devaluation of currency?
explaine me what the stock market points & how to decide increase in points.
Tell the difference between cheque and demand draft?
Explain the term double bottom?
How Is Banks Supervision Structured?
What is a fund flow statement? Why should a business prepare it?