The basic postulate of economic duality, established in NIF A-2, is one of the fundamental principles of accounting. This postulate holds that each transaction or economic event has a double effect on the financial structure of the entity,...
The basic valuation postulate, included in NIF A-2, establishes that all transactions and economic events that affect an entity must be quantified and expressed in monetary terms. This postulate ensures that the resources, obligations and...
The association of costs and expenses with income is one of the basic postulates established in NIF A-2. This postulate establishes that costs and expenses must be recognized in the same period in which the income to which they are associated is recognized....
The basic postulate of Accounting Accrual is one of the fundamental principles of accounting, established by the Financial Reporting Standards (NIF) in Mexico. This postulate establishes that economic transactions and events must be recognized in the accounting period.
The concept of "going concern" in the Financial Reporting Standards (NIF) in Mexico is fundamental for the preparation of financial statements. It refers to the assumption that an entity will continue to operate in the foreseeable future, that is, that it does not have the...
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