Accounting Concepts

accounting-concepts (1)
Rules of accounting that should be followed in the preparation of all accounts and financial statements.

Chapter 1

  • Business Entity (page 6)
  • Unit of Measurement (page 9)
  • Going Concern (page 13)

Chapter 2

  • Realization of Revenue (page 26)

Chapter 4

  • Objective Evidence (page 66)

Chapter 7

  • Accounting Period Cycle (Page 156)
  • Consistent Reporting (page 154)
  • Matching Expenses with Revenue (page 10)

Chapter 8

  • Adequate Disclosure (page 180)

Chapter 10

  • Historical Cost (page 230)