answersLogoWhite

0

Reliability is a basic accounting principle, known also as the objectivity principle. The principle means that only transactions that can be verified will be entered into a company's books.

User Avatar

Wiki User

10y ago

What else can I help you with?

Related Questions

What does debit mean in accounting terms?

take away from


What does appreciation mean in accounting terms?

Great value.


What is reliability concept in accounting?

ddsacdsc


What does reliability mean in terms of audit evidence?

it meens you have to be accurateit meens you have to be accurate


Is accounting software 100% reliable?

Peachtree accounting software is know for its reliability,and there is a guarantee offered.


Accounting information should be neutral in order to enhance?

Reliability


What does CO PG mean in accounting terms?

There are a number of things that CO PG may mean in accounting. In most cases, these are used to mean controlling page. The meanings may vary depending on the context.


In networking terms what is reliability?

in networking terms, reliability means ensuring that each segment that the source send arrives at the destination


What is Dr and Cr stnd for?

In accounting Dr stands for Debit Cr stands for credit the terms literally mean Debit (left side of the accounting equation) Credit (right side of the accounting equation)


What does duality mean in accounting terms?

Every transaction has a dual effect (where the money came from, where the money goes to).


What is principal of accounting?

The most important of the accounting is to comply with generally accepted accounting principles and standards and norms that conducted by accounting organizations. Accounting must have qualities characteristics. With these characteristics, it will be useful to users. Example for characteristics: relevance, reliability and comparability


What is substance over form in accounting terms?

is a principal of accounting meaning means fully covered accounting satatements.