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Basic Accounting Principles Essay Preview: Basic Accounting Principles Report this essay Table of ContentsBasic accounting principles 11.1 Introduction 11.2 The main account principles 21.1.1 Economy entity assumption: 21.1.2 Monetary unit assumption: 21.1.3 Time period assumption: 21.1.4 Cost principle: 21.1.5 Full disclosure principle: 21.1.6 Going concern principle: 21.1.7 Matching principle: 21.1.8 Revenue recognition principle: 21.1.9 Materiality principle: 31.1.10 conservatism principle: 31.3 conclusion 31.4 References: 3Basic accounting principles1.1 Introduction Accounting acquires a.