What is the principle of accounting?

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What is the principle of accounting?

Please explain

2006-12-20 21:50:24 · 3 answers · asked by saynhope 2 in Business & Finance ➔ Other - Business & Finance

3 answers

Basically it's calulating revenue aganinst expenses to see if the comapnyis showing a profit. But it's much too compilated to be discussed here.

2006-12-20 22:00:01 · answer #1 · answered by crazydave 7 · 0⤊ 0⤋

Balance Numbers

2006-12-21 05:53:17 · answer #2 · answered by Anonymous · 0⤊ 0⤋

You mean GAAP the idea that you need acountability having a check and balance system so no one person is in charge of one section so as to curtail embesselment or stealing from the company.

2006-12-21 05:52:53 · answer #3 · answered by xx_muggles_xx 6 · 0⤊ 0⤋