Accounting principles

what are the differences between Accounting principles and Accounting Concepts

Replies (2)

Dear,

u need to refer AS-1 for the same.

Sunil

Sorry,i had gone through the AS-1 but could not find the exact difference between what an accounting principle & Accounting Concept is.....

Can anybody explain what are the differences please.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register