Principles generally accepted accounting principles, generally accepted accounting principles (Generally Accepted Accounting Principles: GAAP) refers to the concept of video or a bank account at a consensus for the most part in the official account of the incident or the economy. Happens to be accounted for when. And offer value? Financial statements included in the report, however, conventional (Conventions) regulations (Rules) and practices (Procedures) necessary to define what is the practice (Practice) certified accounting. Accounting principles generally accepted in Thailand is from England and America through the textbook account and professor of accounting at the completion of these two countries accounting assumptions of Thailand. Namely : 1. Using monetary unit (UNIT Monetary assumption) 2. The main units of the Company (Business Entity assumption) 3. Using the principles of justice, evidence (Objectivity. assumption) 4. The main interval (Periodicity. assumption) 5. The existence of the entity (Going-Concern. assumption) 6. The main cost (Cost. assumption) 7. The emergence of Revenue (Revenue Realization assumption) 8. The match revenues with expenses (Matching. assumption) 9. The main outstanding (Accrual. assumption) 10. Main consistency (Consistency. assumption) 11. Primary care (Conservation assumption).
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