Clarification
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 January 2011
Hi Experts,
What is acccounting policy and accounting principle?is there is any difference?what is the signification of accounting policy and accounting principle?
pls tel me example of accounting policy and accounting principle?
thanks in advance
What is acccounting policy and accounting principle?is there is any difference?what is the signification of accounting policy and accounting principle?
pls tel me example of accounting policy and accounting principle?
thanks in advance
14 January 2011
First take your thanks in advance back then I will answer.
These words are too irritating.
You may give thanks thenafter if you are satisfied with the answer.
These words are too irritating.
You may give thanks thenafter if you are satisfied with the answer.
16 January 2011
The specific policies and procedures used by a company to prepare its financial statements. These include any methods, measurement systems and procedures for presenting disclosures. Accounting policies differ from accounting principles in that the principles are the rules and the policies are a company's way of adhering to the rules.
Message likes :
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16 January 2011
Thanks Sahileshbhai for your answer.
( Don't expect "personal" thanks from the author ).
Nice explanations in short :
-------------------------------
Principles are the rules
and
the policies are company's way of adhering to the rules.
Hope the author is satisfied.
( Don't expect "personal" thanks from the author ).
Nice explanations in short :
-------------------------------
Principles are the rules
and
the policies are company's way of adhering to the rules.
Hope the author is satisfied.
Message likes :
1 times
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