Accounting Principles: a chosen set of accounting conventions that must be applied consistently if company accounts are to be useful to observers. These include: matching costs to related revenues; valuing assets with prudence; making the assumption that the firm is a going concern; and establishing accounting rules to ensure objectivity, i.e. minimizing personal judgement in the drawing up of accounts.
More Post
-
Karewas
-
Mercuryo Raises $7.5M for Crypto-Focused, Cross-Border Payments after Crossing $50M in ARR
-
Order Letter of Fine as a Punishment
-
First Batch of Chernobyl-Made Vodka Mysteriously Seized by Ukrainian Secret Service
-
The Reason for Prostate Cancer Metastasis has been Identified
-
Thrustmaster T818 SF1000 Will be Distributed to Retailers
Latest Post
-
Dig Site Finds Imply That Prehistoric Painters May Have Been Influenced by Fossilized Dinosaur Footprints
-
Prestigious Publications Make it Difficult for Scientists Who Don’t Understand English to Get Published, Research Reveals
-
The Tudor-era Horse Graveyard in Westminster has Been Revealed as the Likely Resting Site for Wealthy Imported Animals
-
Sperm Whales Resist Fatal Orca Attack With Unusual Defense: “Cloud of Diarrhea”
-
Shortly Before His Death, Carl Sagan Left a Message for the First Humans on Mars
-
“Like Using The Force”: A Neuralink Brain Chip Patient Demonstrates “Telepathy” On Livestream