ACCOUNTING EXPERTISE

 A            *****ACCOUNTING***** Hi freinds.,           Today's discuss what to learnt in accounting ?     1. Accounting principles.     2. Basic accounting concepts.     3. Accounting terminologies.     4. Accounting exercise and prectices.     5. Modern accounting trends.     6. Importance and benefits of accounting. So let's discuss 1st topic in learning section of accounting..     1. Accounting principles :-  Accounting principles are the rules and benchmarks in field, co. Should follow while reporting financial statements. Common set of accounting standards U.S. based is GAAP (Generally accepted accounting principles).  Total 13 principles of accounting let's discuss one by one.     1. Economic entity :-  In accounting, an economic entity is one of the assumptions made in generally accepted accounting principles. Almost any type of organization or unit in society can be an economic entity. Examples of economic entities are hospitals, companies, municipalities, and f