Question

3. What are the basic Accounting Principles ?

Answer 1

Answer:

some of the most fundamental accounting principals include the following

Explanation:

1)Accrual principle

2) Conservatism principle

3) consistency principal

4) Cost principle

5) Economic enitity principle

6) Full disclosure principle

7) Going concern principal

8) Matching principle

Answer 2

Explanation:

Accrual principle

Conservatism principle

Consistency principle

Cost principle

Economic entity principle

Full disclosure principle

Going concern principle

Matching principle

Materiality principle

Monetary unit principle

Reliability principle

Revenue recognition principle

Time period principle