Accounting Principles

Welcome to the "Accounting Principles" category on Questions LLC! Here, you will find a collection of thought-provoking and informative questions related to the fundamental principles and concepts that underlie the field of accounting. Whether you are a budding accountant seeking to enhance your understanding or a curious individual interested in grasping the core principles of financial management, you have come to the right place. Our dedicated community of experts is ready to provide comprehensive answers to your inquiries, shedding light on topics ranging from GAAP (Generally Accepted Accounting Principles) to double-entry bookkeeping and everything in between. So, dive in and explore the depths of accounting principles with us!

Questions (15)

1)The objectivity principle?Means that information is supported by independent, unbiased evidence. Means that information can be
1. 3 answers
2. asked by bran
3. 1,799 views
Can someone please help me with this?Compare and contrast the primary purpose of the generally accepted accounting principles
1. 1 answer
2. asked by Patte
3. 620 views
I posted a question and didn't get it answered, why?The Joseph, Inc. uses the accrual basis of accounting. Joseph's insurance
1. 3 answers
2. asked by Larry
3. 687 views
Not recording the Prepaid Rent used causesA. assets to be too high. C. expenses to be too high. D. revenue to be too high. My
1. 1 answer
2. asked by Emi
3. 921 views
Andy, an inexperienced accountant, had to account for his company's purchase of a motorcar on credit. Unsure of the correct
1. 6 answers
2. asked by Anonymous
3. 1,056 views
She deferred the current year depreciation of $49,000 to the following year in order to present in higher profit.My answer is
1. 1 answer
2. asked by ifi
3. 371 views
what is error of accounting principel
1. 1 answer
2. asked by jyoti singh
3. 265 views
Scott Brothers, Inc. follows the qualitative characteristic of consistency. This means thatAnswer a. Scott applies the same
1. 2 answers
2. asked by Anton
3. 678 views
What generally accepted Accounting Principle(s) dominate the issue of asset valuation?
1. 1 answer
2. asked by albert
3. 396 views
I already know what the different inventory cost flow assumptions are, but what I do not know is how might the choice of cost
1. 1 answer
2. asked by Nick
3. 363 views
Which of the following is accounted for as a change in accounting principle?
1. 1 answer
2. asked by Anonymous
3. 380 views
what accounting principle would changing accounting methods violate?
1. 1 answer
2. asked by michael
3. 359 views
Fundamental Accounting PrincplesProblems 5-A, 6-1A, 6-6B,and 6-7B hope you can help ,desperate
1. 1 answer
2. asked by norma
3. 373 views
The historical cost principle states that ?
1. 1 answer
2. asked by Adika
3. 24 views
A credit to a liability account was posted to an owners equity account. This would cause:
1. 2 answers
2. asked by Kim
3. 480 views