The basic principles that determine the timing of recording (recognizing) revenue, expense, gain, and loss in the statement of income...

It stands for current replacement cost; the amount for which an asset could be replaced with another that has identical...

The amount for which an asset could be replaced with another that has identical service potential (useful life, features, etc.)....

The amount for which an asset could be sold as of a given date in an arm's length transaction. Differently...

 Expenses that are incidental, i.e., minor. In connection with a service or an item, this refers to gratuities and other...

 Expenses that are incidental, i.e., minor. In connection with a service or an item, this refers to gratuities and other...

 Expenses that are incidental, i.e., minor. In connection with a service or an item, this refers to gratuities and other...

An accounting concept / accounting principle that requires adequate or complete disclosure of all significant (material) matters / issues/ events...

An accounting concept / accounting principle that requires adequate or complete disclosure of all significant (material) matters / issues/ events...

An accounting concept that implies that revenue is considered to be earned (realized) once goods or services are sold/ delivered...