What are accounting Principles?
Answer Posted / ganesh upadhyay
Accounting principles are like laws that are made by
International Accounting Standards to be used in business so
that all tractions and records are kept clear and fair. The
basic difference between principles and concepts is to their
implementation and understanding. Principles are used to
implement where as procedures are used for understanding of
accounting.
Is This Answer Correct ? | 7 Yes | 24 No |
Post New Answer View All Answers
What are the two accounts,automatecly closed?
What is Balance on current account ?
What is Rural Electrification Project?
You are aware of ATMs, Right. Can you quote some disadvantages of ATM?
What is LAF?
Explain the Types of Banks in India
Are you ready to work in rural place?
What is CBS?
What is LPG all about? When was it started?
What are the pros and cons of the cashless economy?
What according to you should be done for the growth and development of the economy?
Why Nominee is important to open any A/c in Banks?
Why credit suisse?
What are the various types of preference shares?
What Is Swift?