What is Accounting Constraint? The ideas that influence the application of accounting principles is called accounting constraint. Since they are hindered in the application of accounting principles, they are called accounting …
What is Accounting Convention? Definition or Meaning of Accounting Convention. Accounting convention is the accepted or public behavior for conducting accounting work. “The rules of accounting which is created based …
Four (4) Accounting Concepts or Assumptions 4 Accounting concepts or assumptions are as follows: Business Entity Concept. Going Concern Concept. Money Measurement Concept. Periodical Concept. 1. Business Entity Concept According …
What is Accounting Principles? The Accounting Principles are some practical accounting guidelines that effectively follow the accounting functions and provide clear rules on how financial events and transactions will be …
