Question

m/s jyoti trader has a loyal and dedicated workforce. the owner of the firm wants to reflects in the books of account . give ur opinion highlighting theaccounting principle.​

Answer 1

Answer:

i don't know this answers

Answer 2

Reliability Principle

Explanation:

• Accounting principles are the principles, guidance, concept as well as rule which is used by the accountant while preparing the financial statements of the entity. In short, they are the standard setting body which develop the accounting frameworks, rules as well as standards.
• Reliability principle is that accounting standard which states that the financial statements of the entity present the reliable financial information.
• This standard or principle is important for the users of the financial information. And if the information is not reliable, then it will lead to wrong decision making.
• So, in this case, the trader is loyal as well dedicated workforce, states the owner is trying to address the reliability principle.

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