Professional Documents
Culture Documents
Accounting Principles: Accounting Concepts Accounting Conventions System of Book-Keeping System of Accounting
Accounting Principles: Accounting Concepts Accounting Conventions System of Book-Keeping System of Accounting
Accounting Principles: Accounting Concepts Accounting Conventions System of Book-Keeping System of Accounting
PRINCIPLES
•ACCOUNTING CONCEPTS
•ACCOUNTING CONVENTIONS
•SYSTEM OF BOOK-KEEPING
•SYSTEM OF ACCOUNTING
Meaning
Accounting Principles are the rules of
action or conduct which are adopted by
the accountants universally while
recording accounting transactions.
Accounting Concepts
Cost Concept
Accrual Concept
Matching Concept
Accounting Conventions
Convention of Consistency
Convention of Materiality
Convention of Conservatism
Accounting Standards