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प्रश्न
Name the basic principles of accounting.
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उत्तर
The basic principles of accounting are given below.
- The Business Entity Concept
- The Going Concern Concept
- Money Measurement Concept
- Accounting Period Concept
- The Matching Principle
- The Dual Aspect Principle
- The Complete Disclosure Principle
- The Revenue Principle
- The Expense Principle
- The Realisation Principle
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संबंधित प्रश्न
Explain the concept of The Dual Aspect Principle.
According to this concept, a business firm is treated as a unit separate and distinct from its owners.
This concept assumes that the business will continue to exist for a long time in the future.
"Firms live forever." Explain with reference to the concept of accounting.
Every transaction has two effects. (with reference to the concept of Accounting). Give a reason either for or against.
Discuss in brief the basic principles of accounting.
Explain matching principle of accounting.
Write short note on the going concern concept.
Name any four concepts of GAAP.
"The principle of full disclosure and principle of materiality are contradictory." Comment.
