Question

07 Name the Accounting principles applied in the following cases:
a) Assets are recorded at their original purchase price.
b) Disclosure of all relevant and reliable information in accordance with the accounting
principles
c) Following the same method of depreciation on a particular asset year after year.
d) Only financial transactions are recorded in the books of accounts.​

Answer 1

Answer:

1. historical cost concept

2 full disclosure principle

3 constiency principle

4 money measurement principle