Notizen
ACCOUNTING PRINCIPLES
Inhalt der Notizen (1)
Seite 1
ACCOUNTING PRINCIPLES
GOING CONCERN PRINCIPLE
As per this principle the businessman takes assumption that business will run for a indefinite time.
ACCOUNTING PERIOD PRINCIPLES
It states that accounting should be done for a regular period of 12 months for making proper decisions and making policies
ACCOUNTING ENTITY OR BUSINESS ENTITY
Business and businessman are considered separate
Transitions of business are recorded, not of businessman
Capital is liability of business
Businessman is creditor
Informationen
- Beschreibung
- XI Accountancy Notiz am ACCOUNTING PRINCIPLES, erstellt von Divyansh Jain am 21/06/2021.
- Erstellt von
- Divyansh Jain
- Aufrufe
- 0
- Bewertung