What are accounting Principles?

Answer Posted / shruti

accounting is treated by some expert as science.science is
based on certain laws n principles. so accounting
principles are some rules or norms of accounting, on which
whole accounting is based.
ex. of accounting principles are business entity concept,
money measurement concept, cost concept, double entry
concept etc

Is This Answer Correct ?    639 Yes 242 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

I completed MBA finance in the year 2000-2002 fromAndhrauniversity. Now i want to do Mphil and phd . I secured 58% what is the Procedure.please suggest me

1125


What Is The Transaction Approach And Balance Sheet Approach To Measuring Net Income?

674


What do you mean by money laundering?

607


differentiate between GNP and GDP?

665


What are 'inland bills'?

640






What is the major functions of any bank?

618


What do you understand by mobile banking?

665


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

595


What is Credit Check?

670


What is 'public account fund'?

653


What do you understand by the term Public Debt?

619


What do you know about FII, FDI and FII?

591


Why do you want to join Axis bank ?

799


What are the essential qualities to become investment bankers?

651


Who is the Governor of Reserve bank of India (RBI)?

637