UrbanPro
Login Ask & Answer Success Stories Paid Courses Free Classes Tuition & Classes Fees Write a Review All Categories Help Center
Post your Learning Need Signup as a Tutor
✕

Popular Cities

Bangalore

Hyderabad

Delhi

Mumbai

Chennai

Pune

Kolkata

Gurgaon

Ahmedabad

Jaipur

Noida

✕

Take BCom Tuition from the Best Tutors

  • Affordable fees
  • 1-1 or Group class
  • Flexible Timings
  • Verified Tutors

Book a Free Demo

BCom Tuition > What are accounting principles?
✕

Search in

What are accounting principles?

Asked by Last Modified  

5 Answers

Follow 1
Answer

Please enter your answer

Teacher

Accounting principles ar the set of rules,laws,guidelines through which transactions are governed for eg business entity principle(seperate from owners),full disclosure principle.The most important here is the matching concept(cost incurred to earn revenue is treated as expense in the period when related...
read more
Accounting principles ar the set of rules,laws,guidelines through which transactions are governed for eg business entity principle(seperate from owners),full disclosure principle.The most important here is the matching concept(cost incurred to earn revenue is treated as expense in the period when related revenue is recognized) read less
Comments
Dislike Bookmark

Tutor

Accounting principles are the rules and guidelines that must be followed while preparing accounts
Comments
Dislike Bookmark

Math Magician

Accounting principles are the rules and guidelines that companies must follow when reporting financial data. The common set of accounting principles is the generally accepted accounting principles.
Comments
Dislike Bookmark

Math Magician

It is those rules of action or conduct which are adopted by accountants universally while recording accounting transactions.they are the rules which are followed in treating various items of assets,liabilities,expenses income,etc. For example, inventory should be valued at lower than its cost
Comments
Dislike Bookmark

Best tutor for Business and Tax

A general law or rule adopted or professed as a standard for practice of accounting operations and reporting on the basis of unity of understanding and universal practice among the corporate units is termed as a "Accounting Principles"
Comments
Dislike Bookmark

View 3 more Answers

Related Questions

Related Topic : Econonmics What is Market Discrimination Explain Coub douglas function clearly with equation
The Labour Market Discrimination is defined as when equally productive human beings are treated differently due to some perceived personal characterstics. In simple terms a two human beings are equal in...
Subramanya
What is the difference between Cash & Cash Equivalent?
1. Cash means Paper money , coins , Money order etc But, Cash Equivalent means Highly Liquidable Securities 2. Cash has not any Time period . It is Demand Receipt But , Cash Equivalent Take some time...
Madhav

Hello I have completed my ITI fitter. After this can I do B.com?
For admission in B.Com basic eligibility is 12th or Diploma.
Francis
As a commerce student, what are the expectations from the coaching centers or tutions?
Hi.. Coaching centers try to promote their business by saying our students are ranked top in so and so..Better to go for home tutors.
Charu N
How can I upload my profile for teaching opportunities in this website?
Dear Lakshmi, once you go to Urban Pro webpage, you may find an option called Sign UP.. It will prompt you to fill up the details.. Please fill up the required details and Create the account. Later...
Lakshmi

Now ask question in any of the 1000+ Categories, and get Answers from Tutors and Trainers on UrbanPro.com

Ask a Question

Related Lessons

Benami Transactions
Prohibition of Benami Property Transaction Act, 1988, amended by Amendment Act 2016 An Act which prohibits Benami transactions and right to recover property held as Benami by benamidar and also proceeds...

Manish Sharma

0 0
0
Easy Explanation of the 10 Most Popular Accounting Principles and Concepts
Dear Students,Every academic subject that you study has a business language and specific jargons of expression.The following popular terms regarding the Accounting principles used in the day to day business...

Madhura Sagar G.

1 0
0
Is accountancy science and art? Explain ?
Is accountancy science and art?:--Accountancy plays a very important role in these days of growing commercial and trade. Frequently various laws and Acts like—Company’s Act, M.R.T.P. Act are...
K

Kousiki Chakraborty

1 0
0
Important Components of a Cash Flow Statement
As per Accounting Standard 3 issued by ICAI, it is compulsory for the large business organisations to publish its Cash Flow statement along with its Financial Reports. The CashFlow Statement consists...

Madhura Sagar G.

0 0
0
Deductions under Section 80C
Overview of Deduction under Section 80c: When it comes to income taxes, most people start sweating and running around looking for ways in which they can save on it. One of the most commonly known sections...

Manish Sharma

0 0
0

Recommended Articles

The Rising Problems in Indian Government School

With the mushrooming of international and private schools, it may seem that the education system of India is healthy. In reality, only 29% of children are sent to the private schools, while the remaining head for government or state funded education. So, to check the reality of Indian education system it is better to look...

Read full article >

Science, Arts Or Commerce - Which One To Go For?

Once over with the tenth board exams, a heavy percentage of students remain confused between the three academic streams they have to choose from - science, arts or commerce. Some are confident enough to take a call on this much in advance. But there is no worry if as a student you take time to make choice between - science,...

Read full article >

How To Choose The Right School For Children?

Quality education does not only help children to get a successful career and life, but it also hugely contributes to society. The formal education of every child starts from school. Although there are numerous schools, parents find it challenging to choose the right one that would fit their child. It is difficult for them...

Read full article >

6 Healthy Habits of School Children

While schools provide formal education to the children, the home is where they start learning about things informally. Parents think that schools will take the initiative to educate their children. Well, this is partially true, as parents also play an essential role in bringing up their child. For the development of particular...

Read full article >

Find BCom Tuition near you
BCom Tuition in Delhi
BCom Tuition in Bangalore
BCom Tuition in Mumbai
BCom Tuition in Hyderabad
BCom Tuition in Chennai
BCom Tuition in Kolkata
BCom Tuition in Pune
BCom Tuition in Gurgaon
BCom Tuition in Noida
BCom Tuition in Ghaziabad

Looking for BCom Tuition ?

Learn from the Best Tutors on UrbanPro

Are you a Tutor or Training Institute?

Join UrbanPro Today to find students near you
X

Looking for BCom Tuition Classes?

The best tutors for BCom Tuition Classes are on UrbanPro

  • Select the best Tutor
  • Book & Attend a Free Demo
  • Pay and start Learning

Take BCom Tuition with the Best Tutors

The best Tutors for BCom Tuition Classes are on UrbanPro

This website uses cookies

We use cookies to improve user experience. Choose what cookies you allow us to use. You can read more about our Cookie Policy in our Privacy Policy

Accept All
Decline All

UrbanPro.com is India's largest network of most trusted tutors and institutes. Over 55 lakh students rely on UrbanPro.com, to fulfill their learning requirements across 1,000+ categories. Using UrbanPro.com, parents, and students can compare multiple Tutors and Institutes and choose the one that best suits their requirements. More than 7.5 lakh verified Tutors and Institutes are helping millions of students every day and growing their tutoring business on UrbanPro.com. Whether you are looking for a tutor to learn mathematics, a German language trainer to brush up your German language skills or an institute to upgrade your IT skills, we have got the best selection of Tutors and Training Institutes for you. Read more

ThinkVidya Learning Pvt Ltd © 2010-2025 All Rights Reserved