WAT ARE ACCOUNTING PRINCIPLES
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Answer / s.yakaiah
Everybody thinks that principles means personal
a/c,nominal,real a/c,but it is wrong,they are rules.
principles are two types
1.concepts
2.conventions
concepts are separate entity,going concern,money
measurement,cost,dual aspect etc.....
conventions are conservatism,full discloser etc....
| Is This Answer Correct ? | 5 Yes | 0 No |
Answer / sharyanch
Three Princpiles of Accounting -
1.Personel A/c.
2.Real A/c.
3.Nominal A/c3
| Is This Answer Correct ? | 6 Yes | 5 No |
Answer / ponnam mahesh
Acconting Principles are two types........
1. Personal A/c.
2. Impersonal A/c.(2 types)
a.Real a/c.
b.Nomimnal a/c.
| Is This Answer Correct ? | 2 Yes | 6 No |
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