Generally Accepted Accounting Principles (GAAP) | Accountancy | Class 11 | B.COM | BBA | MBA | M.COM

Generally Accepted Accounting Principles (GAAP) | Accountancy | Class 11 | B.COM | BBA | MBA | M.COM

Generally Accepted Accounting Principles (GAAP) are a collection of commonly-followed accounting rules and standards for financial reporting.
In this video we are going to study Accounting Principles
(a) Business Entity Concept
(b) Money Measurement Concept
(c) Going Concern Concept
(d) Accounting Period Concept
(e) Accrual Concept
(f) Matching Concept
(g) Revenue Recognized Concept
(h) Objectivity Concept
(I) Dual Aspect Concept
(j) Historical Cost Concept
(k) Consistency Assumption
(l) Conservatism (Prudence)
(m) Full Disclosure Concept
(n) Materiality Concept
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Accounting Assumptions
(a) Going Concern Assumptions
(b) Accrual Assumptions
(c) Consistency Assumptions
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