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what are athe accounting principles?

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what are athe accounting principles?..

Answer / aditya srivastava


Debit the receiver.
Credit the giver.


Debit wat comes in.
Credit wat goes out.


Debit all expenses and losses.
Credit all incomes and gains.

Is This Answer Correct ?    8 Yes 3 No

what are athe accounting principles?..

Answer / hr sreepada bhagi

The question is about Accounting Principles and not about
Debit-Credit rules for the three types of accounts mentioned

principles of Accounting refers to the basic or fundamental
concepts & conventions for recording the transactions and
reporting. These Principles are broadly divided in to A)
Concepts & B)Conventions.

A few examples of Accounting Concepts are - 1.Business
Entity, 2.Accounting Period, 3.Money Measurement, 4.Accrual
(Matching), 5.Materiality, etc. and Conventions like
1.Consistency, 2.Consistency, etc. (This list is incomplete
& without explanation)

For detailed knowledge, refer Book on Accounting Principles
or Fundamentals of Accounting or Advanced Accountancy

Is This Answer Correct ?    6 Yes 2 No

what are athe accounting principles?..

Answer / sudhansu

basic principies of accounting are
1.revenue recognition principle
2.historical cost principle
3.matching principle
4.full discloser principle
5.objectivity principle

Is This Answer Correct ?    1 Yes 0 No

what are athe accounting principles?..

Answer / moin

There are 3 types of accounting principles.

Debit the Receiver
Credit the Giver

debit what goes out
Credit what comes in

Debit all expenses and losses
Credit all gains and incomes

Is This Answer Correct ?    4 Yes 11 No

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