Thus,the one basic accounting postulate underlying accounting principles may be stated as that of fairness - fairness to all segments of the business community (management,labor,stockholders,creditors,and the public), determined and measured in the light of the economic and political environment and the modes of thought and customs of all such segments to the end that the accounting principles based upon this postulate shall produce financial accounting for the lawfully established economic rights and interests that is fair to all segments.