Financial Accounting

Home Task 2
Important Accounting Principles
Students are required to go through the following and should be able to explain the concepts
along with examples in next session.

i. Business Entity Concept:-

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ii. Materiality:-
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iii. Substance Over Form:-
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iv. Going Concern Assumption:-
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v. Matching Concept:-
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Session—1 1
 Financial Accounting

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vi. Accrual Basis of Accounting:-
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vii. Fair Presentation:-
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viii. Consistency:-
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Session—1 2