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Q: What is the meaning of faithful representation as an accounting principle?
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Who is the person that established the double entry principle of accounting?

The double-entry principle of accounting is attributed to the Italian mathematician and Franciscan friar Luca Pacioli, who published it in his 1494 work, "Summa de Arithmetica, Geometria, Proportioni et Proportionalita."


The 4 phases of accounting and their meaning?

four phases of accounting and their meaning


Meaning of Loyal?

Faithful to law; upholding the lawful authority; faithful and true to the lawful government; faithful to the prince or sovereign to whom one is subject; unswerving in allegiance., True to any person or persons to whom one owes fidelity, especially as a wife to her husband, lovers to each other, and friend to friend; constant; faithful to a cause or a principle.


What is Error of principle in accounting?

An accounting mistake in which an entry is recorded in the incorrect account, violating the fundamental principles of accounting. An error of principle is a procedural error, meaning that the value recorded was the correct value but placed incorrectly. For example, a company may record personal expenses as business expenses. An error of principle is different than failing to record the item in question ("error of omission"), or recording the wrong value in the correct account ("error of commission"). These errors are referred to as input errors.


What is the elective principle?

elective principle meaning


What is the meaning of feal?

Faithful; loyal.


What is the meaning of F in friend?

Faithful


What are the different type of ledgers in accounting and its meaning?

what are different types of accounting what are different types of accounting


What was the meaning of taxation without representation?

Getting taxed without your representation.


What are the 4 phases accounting and meaning?

There are 4 phases of accounting as follows:RecordingClassifyingSummarizingInterpration


Is dishonest the opposite of faithful?

Unfaithful is the proper opposite of faithful, but dishonest has a similar meaning as unfaithful.


What is substance over form in accounting terms?

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