Accounting Principles | Entity & Going Concern | Concepts & Conventions| Letstute Accountancy

Accounting Principles | Entity & Going Concern | Concepts & Conventions 1
Hello Friends,
Check out our new video on Accounting Principles | Entity | Going Concern Concept | GAAP
This video explains the need for accounting principles / GAAP
What are the Entity and Going concern concepts with an example?
Time Stamp
0:00: Introduction
0:50: Need For Principles
2:17: GAAP
4:01: Entity Concept
7:28: Going concern concept
9:23: Conclusion
We have attached a PDF where one can get a quick glance at the whole chapter in a few minutes. You will understand the need and importance of all the accounting principles and conventions. Also, entity concept, going concern concept, money measurement, cost principle, revenue recognition, objective evidence, dual aspect, matching principle, accrual concept, materiality, consistency, conservatism, full disclosure, etc. are explained in detail. There are objective-type questions on accounting principles and conventions.
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