About this document
Accounting Principles and Assumptions by cannickg is a document available to read on EtoBox.
This document defines key accounting concepts and principles: - The historical cost principle records assets and liabilities at their actual historical cost rather than current market value. - The revenue recognition principle records revenue when it is earned, not when cash is received. - Under the matching principle, expenses are matched with the revenues of the period to which they relate. - The document also defines concepts like assets, liabilities, shareholders
- Author
- cannickg
- Language
- EN