Accounting Conventions| Accounting Principles | Financial Accounting | ASF Academy

Hi Students,
Accounting principles are set of rules and practices that guide the accountants in recording transaction and preparing financial statement.

Accounting convention are general rules of practice formulated out of usages and traditions.
Mainly 4 types :-
1.Convention of consistency.
2.Convention of conservatism
3.Convention of materiality
4.Convention of full disclosure

ASF Academy mainly concentrate on tutorial classes of commerce subject and also UGC Net coaching classes.

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