Question

hii basic terms of accounting​

Answer 1

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These five basic principles form the foundation of modern accounting practices.

The Revenue Principle. Image via Flickr by LendingMemo.

The Expense Principle.

The Matching Principle.

The Cost Principle.

The Objectivity Principle.

Answer 2

Explanation:

• ᴀᴄᴄᴏᴜɴᴛs ᴘᴀʏᴀʙʟᴇ (ᴀᴘ) ᴀᴄᴄᴏᴜɴᴛs ᴘᴀʏᴀʙʟᴇ ɪɴᴄʟᴜᴅᴇ ᴀʟʟ ᴏғ ᴛʜᴇ ᴇxᴘᴇɴsᴇ ᴛʜᴀᴛ ᴀ ʙᴜsɪɴᴇss ʜᴀs ɪɴᴄᴜʀʀᴇᴅ ʜᴀs ɴᴏᴛ ʏᴇᴛ ᴘᴀɪᴅ. ...

• ᴀᴄᴄᴏᴜɴᴛs ʀᴇᴄᴇɪᴠᴀʙʟᴇ (ᴀʀ)...

• ᴀᴄᴄʀᴜᴇᴅ ᴇxᴘᴇɴsᴇ. ...
• ᴀssᴇʀᴛ (ᴀ)
• ʙᴀʟᴀɴᴄᴇ sʜᴇᴇᴛ (ʙs)
• ʙᴏᴏᴋ ᴠᴀʟᴜᴇ (ʙᴠ)
• ᴇǫᴜɪᴛʏ (ᴇ)...