Discussion topic

Financial statements are prepared using which basis of Accounting and why? Explain.

Financial statements are prepared using which basis of Accounting and why? Explain.

by Md. Bazlur Rahman Likhon -
Number of replies: 1

Financial statements prepared in accordance with generally accepted accounting principles, the accrual basis of accounting is required because of the matching principle.

In reply to Md. Bazlur Rahman Likhon

Re: Financial statements are prepared using which basis of Accounting and why? Explain.

by Shahana Kabir -
Good observation.Thanks for reply.