Скачать или смотреть Accounting Concepts & Conventions | Basic Accounting Principles | Letstute Accountancy Hindi

Check out the video on Accounting Conventions where we have explained the important accounting concepts and conventions which are Materiality, Consistency, Conservatism, and Full Disclosure.
0:00 - Introduction
0:15 - Importance of accounting practices - conventions
1:13 - Materiality
3:44 - Consistency
5:50 - Conservatism
8:24 - Full Disclosure
Materiality - All important material information must be disclosed separately.
Consistency - Accounting Practices used in the preparation of financial statements must be followed uniformly year after year.
Conservatism - Provide for all possible losses but do not anticipate profits.
Full Disclosure - All material information that can affect the decision of users of financial statements must be clearly disclosed.