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Accounting concepts/principles



               Accounting Concepts:


               Following is a list of the accounting concepts:


                     Relevance


                     Reliability

                     Matching Concept


                     Timeliness

                     Faithful Representation


                     Prudence

                     Completeness

                     Single Economic Entity Concept


                     Comparability/Consistency

                     Materiality


                     Going Concern

                     Accruals


                     Business Entity

                     Substance over Form

                     Realization Concept


                     Verifiability Concept  .


               Accounting Principles:


               Accounting principles are the general rules and guidelines that companies are required to follow when

               reporting all accounts and financial data. Following is a list of the accounting principles:





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