Question

Describe basic accounting principles​

Answer 1

What are the 5 basic principles of accounting?

1. Revenue Recognition Principle. When you are recording information about your business, you need to consider the revenue recognition principle. ...
2. Cost Principle. ...
3. Matching Principle. ...
4. Full Disclosure Principle. ...
5. Objectivity Principle.

Answer 2

Answer:

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What are the 5 basic principles of accounting?

Revenue Recognition Principle. When you are recording information about your business, you need to consider the revenue recognition principle. ...

Cost Principle. ...

Matching Principle. ...

Full Disclosure Principle. ...

Objectivity Principle.