Consistency Principle
Business Entity Principle
Historical Cost Principle
Monetary Principle
Tom setup ABC Ltd & contributed money into the business. Which rule has been adhered to?
Tom told his accountant to record down the experience of employees. Which rule has been violated?
A Car bought many years ago is recorded at its value today. Which rule has been violated?
Tom changed the method for calculating depreciation on his non-current assets. Which rule has been violated?
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