Accounting principles those must be checked while auditing

Observance  of  accounting  principles  :  It  is  of  utmost  importance  that  the  transactions should  be  recorded  in  the  books  of  accounts  having  regard  to  the  principles  of accounting. The principles include :
(a)  Distinction being drawn between capital expenditure and revenue expenditure;
(b)  Distinction being drawn between capital receipts and revenue receipts;
(c)  The expenses or cost should be matched to the income or benefit;
(d)  The expenditure and income should be treated on accrual basis;
(e)  That the fixed assets should be depreciated on a consistent basis;
(f)  That book debts should be valued only at realisable amounts;
(g)  That fictitious assets are written off at the earliest; and
(h)  Outstanding assets and liabilities have been properly adjusted