Accounting Bookkeeping Presentation ppt Final
Description: We are the tax consulting and best Financial Services in Hyderabad with affordable price Contact Number; 8074716673, 040-40060025 E-mail: avconsultantshyd@gmail.com Website: www.avconsultantshyd.com Address: Office: 3-5-17, Indira Nagar, Behind D-Mart, Ramanthapur, Hyderabad – 500013, Telangana
Description: We are the tax consulting and best Financial Services in Hyderabad with affordable price
Contact Number; 8074716673, 040-40060025
E-mail: avconsultantshyd@gmail.com
Website: www.avconsultantshyd.com
Address: Office: 3-5-17, Indira Nagar, Behind D-Mart, Ramanthapur, Hyderabad – 500013, Telangana
- TAGS
- income tax
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6. Accounting Period
This principle entails a business to complete the whole
accounting process over a specific operating time period.
Accounting period may be monthly, quarterly or annually.
For annual accounting period, it may follow a Calendar or
Fiscal Year.
7. Conservatism
This principle states that given two options in the amount
of business transactions, the amount recorded should be
the lower rather than the higher value.
8. Consistency
This principle ensures similar and consistent accounting
procedures is used by the business, year after year, unless
change is necessary.
Consistency allows reliable comparison of the financial
information between two accounting periods.
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