Accounting principle, Accounting Standards

A company values its loose tools for inclusion in its balance sheet. The tools are not extremely valuable and the company uses estimating while valuing them.

Which type of accounting principle is being applied?

A  accruals
B  consistency
C  going concern
D  materiality

Posted Date: 2/12/2013 6:49:50 AM | Location : United States







Related Discussions:- Accounting principle, Assignment Help, Ask Question on Accounting principle, Get Answer, Expert's Help, Accounting principle Discussions

Write discussion on Accounting principle
Your posts are moderated
Related Questions
the books of deven verma could not be tallied.

Balance sheet is related along with reporting the financial position of an entity on a specific point in time. Such position is conveyed in terms of listing all the things of value

Define Accounting. Briefly explain the accounting concepts which guide the accountant at the recording stage.

Development of financial accounting standards Several organizations are considerable in the establishment of generally accepted accounting principles (GAAP) for businesses or g

Standards at International Level: In view of the development of international trade and multinational enterprises, the requirement for standardization at the international level w

To establish and implement an accounting system  for  Trigon  Corporation, using MYOB accounting software. Needed: 1.  Make and print a  suitable chart of accounts in MYOB

how many tipe of accounts

In 1973 and independent seven-member full-time Financial Accounting Standards Board (FASB) replaced the Accounting Principles Board. The FASB has published numerous Statements of F

1)   List every item debited or credited in the Profit and Loss account. 2)   Illustrates the difference among Trading Account and Profit and Loss Account. 3)   Illustrates t

the relevance of standard costing