Accounting Principles and Assumptions

Accounting Principles and Assumptions - Success Roar Classes

What is Accounting Principles? Accounting principles refer to those set of rules which provide the basic idea, parameters, limitations for implementing the accounting process in a well-defined manner. These rules are also called Generally Accepted Accounting Principles or GAAPs. (Accounting Principles and Assumptions) Principles of Accounting are the general law or rule adopted or proposed …

Accounting Principles and Assumptions Read More »