Theoretical Framework (CA Foundation Principles of Accounting): Questions 49 - 50 of 50
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Question number: 49
» Theoretical Framework » Valuation Principles, Accounting Estimates
Write in Short
Why do we have to know about accounting estimates?
Question number: 50
» Theoretical Framework » Accounting Concepts, Principles and Conventions
Describe in Detail
Explain meaning and nature of Accounting Principles.
Accounting is known as language of business. Certain accounting principles are followed for accounting a business transaction. The generally accepted principles were framed from common experiences of:
Regulations of government agencies
Statements from professionals’ bodies.
These professional bodies include:
The institute of Chartered Accountants of England and… (87 more words) …