Concepts

Characteristics of Consistency Principle In this article we would explain characteristics of consistency principle of accounting. These ...

Characteristics of Going Concern Principle Going concern principle deals with the assumption of continuity of business for long time. The...

Characteristics of Prudence Principle In this article we would explain some important characteristics of Prudence principle. prudence con...

Characteristics of Substance over Form In substance over form principle, the transactions are recorded on the bases of the economic reali...

Characteristics of Materiality Principle In this article, we would explain some important characteristics of materiality principle. Und...

Characteristics of Equity Equity is basically residual interest of equity holder in the company. In other words we can say that Equity is...

Characteristics of Expenses Expenses are incurred to finance day to day operations of the entity and these expenses reduce the equity. ...