Acounuig Cnceglo, pinciplulconvenliau

To mauntain wnijotmty and conciskny u prepauy and mantaay

booko pncplo
aceQudo. Ne need to wnderstand the concepto
COnveteno
CGAA)
Generaiy Acqlid
law o Aule
Defmtion by AiCPA! A guneral
con duet er
baso
guide do actien ao etled round
Ppactcl.
Jtematienal fünanaal Repotiy Standanda ued by Itemator
Standard Boavdo
Aeounty
vae seto ntematienl aceourtuig ctandad. otaling hon)
Paticua dypes q frenoactions vand othee weto ahold be
n fianial atatement

Cocepts.
Bus tiess tity cohcept

ABC
he congaentgue epaatderu
tu One
the toanoacton au fern thepont
ABe
Ploh Au
Cyeunda)
p rate expenao ounu eannat be
added as pusni
boeen ttuo
 thse tauata
Morey measureut Coneep.
Contep. atu
9gauisaluon
that
hstueh
onty
cau be chpend in
and
tms
hayeug ae do be ecorded
boeks account.
nlhy b0oks

matuial incudud b t
oalo e ploduct, expenoo 4 raw
net incudid
ppant inent manageh, Aioanch dort by ong
to add aud
udea do aceountant, hhat
hat not do add the bogks

(ongt: it auns hat buonen him

0th puce roo0.

Tu espeud
not yean.
Ou ethio concept : depeaation io chagd.
Accouuting piod coueyt : The tine peiod ou voheth becks
acauns a Ths to make
within
Cant comp too yean period wth

Cowpauus Aet 1956 Proutded firanaat

avd wdo n 31st Masch.
 Aeuourtung Concept: state that
bocho of aaceounl
Ceouil at thei
al asot am decopds
uchasepu,ntl
acqusdÝn banapotatiom& itallatoi, met
mankit

Cost meano acqusLon cot new asstr Outy

uned nes Cost dupeueton .

Tuo cost loncegt is calld otorital coet concept.

Note! To be contihued in net