Answer / s.yakaiah

Everybody thinks that principles means personal
a/c,nominal,real a/c,but it is wrong,they are rules.
principles are two types
1.concepts
2.conventions
concepts are separate entity,going concern,money
measurement,cost,dual aspect etc.....
conventions are conservatism,full discloser etc....

Answer / sharyanch

Three Princpiles of Accounting -
1.Personel A/c.
2.Real A/c.
3.Nominal A/c3

Answer / ponnam mahesh

Acconting Principles are two types........
1. Personal A/c.
2. Impersonal A/c.(2 types)
a.Real a/c.
b.Nomimnal a/c.

i purchase a vehicle rs 500000,including vat 5% , registration fee rs 40420 and insuarance fee 18500, after the use two year i sale it. how to calculate it cost? what entry in tally?

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