What are accounting Principles?
Answer Posted / komal
accounting principals are uniform set of rules or
guidelines developed to enshure uniformity and easy
understanding of of the accounting information.
types of accounting principals
1.accounting of concept
2.accounting of convention.
*accounting of concept;
1business entity concept
2money measurement concept
3going concern concept
4accounting period concept
5cost concept
6dual aspect concept
7revenur recognisation concept
8matching concept
9accrual concept
10objective concept
accounting of convention;
1convention of full disclosure
2convention of meterariality
3convention of conservatism
4convention of consistency
Is This Answer Correct ? | 30 Yes | 2 No |
Post New Answer View All Answers
What do you know about the formula of Simple interest and Compound Interest?
What is the old name of syndicate bank?
What are preference shares? What are their features?
Why do companies find public deposits attractive?
Compare registered vs. Bearer debentures.
What is bandhan bank?
What do you understand by excise duty?
What are commercial papers?
What are the advantages of ratio analysis?
Differentiate between Cost Accounting and Financial Accounting?
What are the different schemes launched by the government to eradicate poverty?
Do you know the name of person who won the Jnanpith Award in 2016?
What do the banks do for the society?
Tell about yourself and your family background?
Where is the UNICEF headquarters located?