Accountancy, asked by siddharthdullu8629, 1 year ago

Role of accounting principles in recording transaction

Answers

Answered by sachinarora2001
1
ACCOUNTING PRINCIPLES ARE UNIFORMALY FOLLOWED BY ALL THE ENTITIES FOR PREPARING THEIR ACCOUNTS SO THAT INFORMATION CAN BE UNDERSTOOD IN A BETTER MANNER. THEY MAKE THE ACCOUNTING INFORMATION MORE MEANINGFUL AND USEFUL TO THE USERS WHO HAVE TO TAKE DECISIONS ON THE BASIS OF THESE INFORMATION.
Similar questions