Which principle is used to record immaterial item?

There is an order placed by a customer, but no goods exchanged in hands. Is it possible to record a transaction that follows realization concept?

What is the strength of a going concern concept?

If a situation arises where applying another accounting principle would be contrary to all other principle, here we may use the principle of:

In going concern concept, it is expected that the business will cease to operate in the near future, the asset value of balance sheet is shown at:

Which principle over rules all other principles?

‘Never anticipate profit, but provide for all possible losses”. This phrase is used to describe the principle of:

Accounting records only those transaction and events that are in:

Which accounting principle ensures that the accounting records present a realistic picture of the position of the business?

All transactions are recorded in their original cost. This principle is: