Question

what are the principle of accounts

Answer 1

This principle is becoming less valid, as a host of accounting standards are heading in the direction of adjusting assets and liabilities to their fair values. Economic entity principle. This is the concept that the transactions of a business should be kept separate from those of its owners and other businesses.



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Answer 2

Hey dud your answer is

The principle has becoming less valid, as a host of accounting standards are heading in the direction of adjusting assets and liabilities to their fair values. Economic entity principle. This is the concept that the transactions of a business should be kept separate from those of its owners and other businesses.