What are accounting Principles?

Answer Posted / d.r. basu

The rules and convention of accounting are commonly
referred to as principles.

The following are the Accounting principles commonly
followed by a business

1.Basic Accounting concept
2.Money Measurement concept
3.The Entity Concept
4.The Going Concern Concept
5.The cost Concept &
6.The Dual-Aspect Concept

Is This Answer Correct ?    1 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What Is Line Of Credit?

660


what is portfolio ?

6953


How many types of subsidiaries does rbi have?

606


Explain the types of accounts in banks?

640


What is 'biflation'?

649






What will you comment on women empowerment?

736


Why should I invest in Mutual fund which is not secured rather than investing in Any Nationalized bank which is giving me guaranteed interest rate of 9.5% per annum which is also more secured?

649


What requirements does a company need to comply with before accepting the deposits?

594


What is 'public account fund'?

664


what is the default configuration Tally ERP 9 provides for Balance Sheet?

749


Define Banking and what are the other services provided by the banks?

620


What percent of revenue is contributed for CSR by the MNCs

628


How can social media be used for marketing?

606


Walk me through the major line items on a Cash Flow statement.

607


hi frends, i completed mba in 2008,i worked as finance reseach associate in opi comp through consultancy. now my problem is when iam going other comp inteview they ask me is mab finace candidate selected through consultancy. can any body tell me how can i tell ans this

1324