Accounting Principles  Business accounting is based on nine main
accounting principles. These principles are generally accepted
in the accounting field around the world, so whoever works with
them can be recognized as professional by other professionals
abroad.  Anyone who runs a business knows how important
gathering and organizing financial data is. If all the process
was done in a hazardous way, business accounting would be almost
as complicated and complex as quantum Physics. Accounting needs
of any corporation are taken care of with the help of the nine
principles which set the basis of managing the financial data.
This way, everything that is connected to the financial activity
of an entity can be easily understood by any accountant.  The
accrual principle is the basis of all the other principles. By
applying the accrual principle, the revenues and expenses of a
business are recorded in a methodical way at the time the money
gets earned, not paid for. In the high financed businesses
world, the accountin