Question

What is Theory base of accounting??

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Answer 1

Answer:

The theory base of accounting consists of principles, concepts, rules and guidelines developed over a period of time to bring uniformity and consistency to the process of accounting and enhance its utility to different users of accounting information.

Answer 2

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Tʜᴇ Tʜᴇᴏʀʏ Bᴀsᴇ Oғ Aᴄᴄᴏᴜɴᴛɪɴɢ Cᴏɴsɪsᴛs Oғ :

1. Pʀɪɴᴄɪᴘʟᴇs
2. Cᴏɴᴄᴇᴘᴛs
3. Rᴜʟᴇs
4. Gᴜɪᴅᴇʟɪɴᴇs