 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 asset that is subject to depreciation since its acquirement and over the course of its useful life. In this...
An accounting concept that implies that revenue is considered to be earned (realized) once goods or services are sold/ delivered...
It stands for book value; broadly speaking, it refers to the historical cost of an entity's assets (total assets) minus...
Broadly speaking, it refers to the historical cost of an entity's assets (total assets) minus its liabilities (total liabilities) (hence...
An accounting concept that implies that revenue is considered to be earned (realized) once goods or services are sold/ delivered...
A set of accounting concepts, principles, assumptions and conventions which provides the conceptual basis or framework for financial accounting book-keeping...
An accounting concept that considers a firm (a business or an entity) to be financially separate from its owners. This...
