Question

Name the accounting principle applied in appending notes to financial statements

Answer 1

Answer:

These principles guide how transactions should be recorded and reported.

5 Principles of Accounting are;

1.Revenue Recognition Principle,

2.Historical Cost Principle,

3.Matching Principle,

4.Full Disclosure Principle, and

5.Objectivity Principle.

Answer 2

Explanation:

Main is the revenue recognition only.