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Accounting Concepts and Principles Easy Learn Guide
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This video is the perfect description of accounting concepts, assumptions and principles.
It contains the following assumptions:
1. Accounting Entity Assumption
2. Money Measurement Assumption
3. Going Concern Assumption
4. Accounting Period Assumption
Accounting concepts which are included in the video are:
1. Dual Aspect Concept
2. Revenue Recognition Concept
3. Historical Cost Concept
4. Matching Concept
5. Full Disclosure Concept
6. Verifiable and Objective Evidence Concept
It also includes following modifying principles:
1. Cost Benefit Principle
2. Materiality Principle
3. Consistency Principle
4. Prudence Principle
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It contains the following assumptions:
1. Accounting Entity Assumption
2. Money Measurement Assumption
3. Going Concern Assumption
4. Accounting Period Assumption
Accounting concepts which are included in the video are:
1. Dual Aspect Concept
2. Revenue Recognition Concept
3. Historical Cost Concept
4. Matching Concept
5. Full Disclosure Concept
6. Verifiable and Objective Evidence Concept
It also includes following modifying principles:
1. Cost Benefit Principle
2. Materiality Principle
3. Consistency Principle
4. Prudence Principle
Thank you for watching.
Please subscribe for more accounting videos.
Also please follow on our Facebook page
Feel free to post your doubts below and suggestions for more videos
YouTube Subscribe link:
Facebook link:
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