Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

What are accounting Principles?

Answer Posted / arjunanag@rocketmail.com

Accounting Principles are 2 types. There are
1. concepts (10)
2. conventions (4)

concepts gives assumptions to the comapny.
1. business entity concept
2. money measurement concept etc.

conventions gives guidance to the company

1. materiality
2. conservatism etc

Is This Answer Correct ?    1 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Explain unsecured loans.

1061


Name of the companies listed in sensex ?

1043


What are the different business cycles?

1050


What are current tax exemption limits?

1169


What Is Materiality?

1167


What Will Happen To My Home And Car If I File Bankruptcy In California?

1070


What is NSDL?

1156


How will you serve our bank: as a leader or as a manager?

1051


plz send me capital market aptitude questions? i have interview in oracle financial? its urgent...........

8043


what are your hobbies?

4223


Do you know anything about WTO?

1070


Which act allows the bank and financial institutions to auction the properties when borrower fails to repay the loans?

1077


What Is Interest Expense?

1260


In order to attract deposits, banks offer various types of products with distinguishing features. As a student of banking law do you observe any challenge/threat from money laundering for banks in this struggle? Discuss.

2277


Tell me about your financial condition

1040