Accounting Concepts and Principles
| Site: | Gagan Kapoor Classes |
| Course: | Class 11 Accountancy Online Course CBSE Free Trial |
| Book: | Accounting Concepts and Principles |
| Printed by: | Guest user |
| Date: | Monday, 15 June 2026, 12:31 AM |
Description
Accounting Concepts and Principles
1. Fundamental Accounting Assumptions
Going Concern, Consistency and Accrual are fundamental Accounting Assumptions
2. Business Entity Concept or Accounting Entity
Business Entity Concept
3. Money Measurement Concept
Money Measurement Concept
4. Periodicity Concept
Periodicity Concept
5. Full Disclosure Principle
Full Disclosure Principle
6. Materiality Concept
Materiality Concept
7. Prudence or Conservative Concept
Prudence or Conservative Concept
8. Cost or Historical Cost Concept
Cost or Historical Cost Concept
9. Matching Concept
Matching Concept