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information

furnished in periodical accounting reports and statements. There

should always

be

some documentary evidences in establishing the truth reflected in the

said reports or statements. Entries which are recorded in accounting

from the transactions and data which are

reported

in financial statements must be based on objectively determined

evidence. The confidence of users of the financial statement cannot

be maintained until there is a close adherence

to

this principle, invoices and vouchers for purchases, sales and

expenses, physical checking of

stock

in hand.

Accrual

Concept

An

associated concep

information

furnished in periodical accounting reports and statements. There

should always

be

some documentary evidences in establishing the truth reflected in the

said reports or statements. Entries which are recorded in accounting

from the transactions and data which are

reported

in financial statements must be based on objectively determined

evidence. The confidence of users of the financial statement cannot

be maintained until there is a close adherence

to

this principle, invoices and vouchers for purchases, sales and

expenses, physical checking of

stock

in hand.

Accrual

Concept

An

associated concep

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