Table of contents 1.         Introduction         3 2.         About the company         3 3.         The balance sheet of the company         4 4.         The entity concept         5 5.         The money measurement concept         5 6.         The going-concern concept         6 7.         The cost concept         7 8.         The realization concept         8 9.         The accruals concept         9 10.         The matching concept         9 11.         The periodicity concept         10 12.         The concept of consistency         10 13.         The concept of prudence         11 14.         Conclusion         12 15.         Bibliography         13 1.         Introduction The purpose of this essay is to show how the basic accounting principles are used in the real life. I choose a vehicle producer company, the …showed first 75 words of 2672 total…

…showed last 75 words of 2672 total…has a very good web site, and a lot of information can be obtained from it. The simplified balance sheet of the company can also be examined. The company also provides notes to each point and detailed tables. If somebody wants to invest in that company, it can be well informed about the company. Of course, there are certain cases, which are unrecognisable in the balance sheet, but it is like that at every company.