What are accounting Principles?
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Answer Posted / thirupathi venaganti
Accouting principles are divied in to two type
1.cocept
2.convention
concept are classified into 10 type
1.buisness entity concept
2.dual aspect concept
3.going concern concept
4.matching concept
5.historical concept
6.money measurement concept
7.accrual concept
8.accouting period concept
9.rupee value concept
10.realisation concept
2.CONVENTIONS
1.convetion of full disclosure
2.convetion of materiality
3.convetion of cosistency
4.convetion of conservatism
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