Accountancy, asked by rahul8232, 19 days ago

explain the essential feature of accounting principle

Answers

Answered by djhardas82

Answer:

1 Usefulness: An accounting principle should be useful that is an accounting rule which does not increases the utility of the records is not accepted as an accounting principle. ... 2 Objectivity: Accounting principle should be objective in nature.

Previous Question

Next Question

Similar questions

History, 9 days ago

Who cut of the rope to prevent retreat of mavlas...

History, 9 days ago

Enumerate the differences and similarities of Balanghay and vinta...

English, 9 days ago

Change the following sentences to interrogative: (2) (a) They will drive the soldiers before them. (b) I wash my hands off it. (c) I am taking a big chance. (d) Even the Dauphin might believe it.

History, 19 days ago

human effort can curb the effects of drought.explain...

French, 19 days ago

e. Mes amis achètent cette/cet) écharpe. 3. Remplissez les blancs avec les adjectifs démonstratifs : a. Il vend livres et dossiers. b. Est-ce que tu préfères musicienne? appartement est très moderne. d. J'achète crayons. chanson est très mélodieuse. C. e. 4. Mettez en ordre : a. par/ne/cette/ll/pas/passe/ville.

Computer Science, 7 months ago

What will be the following code print? x=0 if x <2: print("Small") elif x<10: print("Medium") else : print("Large") print("All done ") ...

Physics, 7 months ago

The relation between t and distance x is t=ax2+bx where a and b are constants. Express the instantaneous acceleration in terms of instantaneous velocity.

Math, 7 months ago

3. For any two integers a and b, a + bis an__________...

explain the essential feature of accounting principle​

Answers

explain the essential feature of accounting principle