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What's standard? When preparing accounts, one must assume that the company will still be viable in the years to come
The prudence principle
The matching principle
The consistency principle
The going concern principle
What's standard? recognizing expenses immediately, and not recognizing income until it is reasonably certain
The matching principle
The prudence principle
The going concern principle
The consistency principle
What's standard? Items are recorded when the income and expense arises, not depend on movement of cash.
The prudence principle
The matching principle
The consistency principle
The going concern principle
What's standard? Accounts should be produced using the same principles from one year to the next year
The matching principle
The consistency principle
The prudence principle
The going concern principle
