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Answer Posted / spsiva.mba.
Accounting Principles may be classified into two catagories
as follows.
1.Accounting Concepts.2.Accounting Conventions.
Accounting Concepts are,1.Businessy Entity Concept.2.Dual
aspect Concept. 3.Going Concern Concept.4.Cost Concept.
5.Accounting Period Concept.6.Accural Concept.7.Matching
Concept.8.Historical Record Concept.9.Money Measurement
Concept.
Accounting Conventions are,
1.Disclosiry.2.Materialty.3.Conservatio.
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