ACCOUNTING CONCEPTS AND CONVENTIONS
- 4 Answers
- 8042 Views
- Bank Of America, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / guest
Concepts of accounting:
Separate entity concept
Going concern concept
Money measurement concept
Cost concept
Dual entity concept
Accounting period concept
Periodic matching of costs and revenue concept(Matching
concept)
Realization concept
Conventions of accounting
Conservatism
Full disclosure
Consistency
Materiality
| Is This Answer Correct ? | 10 Yes | 0 No |
Answer / nikhil krishna
it is the accounting conceprts are...Separate entity
concept,Going concern concept,Money measurement
concept,Dual entity concept
| Is This Answer Correct ? | 4 Yes | 0 No |
ACCOUNTING CONCEPTS:
1 MONEY MEASURMENT CONCEPT
2 DUAL ASPECT CONCEPT
3 SEPARATE ENTITY CONCEPT
4 ACCRUAL CONCEPT
5 PERIODICITY CONCEPT
6 REALISATION CONCEPT
7 MATERIALITY CONCEPT
ACCOUNTING CONVENTIONS:
1 CONVENTION OF CONSERVATISM
2 CONVENTION OF CONSISTANCY
3 CONVENTION OF DISCLOSER
| Is This Answer Correct ? | 3 Yes | 1 No |
Answer / b.veerasekhar
accounting principles can be classifieds into two
categaries 1.accounting concepts and 2.accounting convention
1.accounting concepts means assumption are condition upon
which accounting is based.
2.acounting convention refers to customs,tradition,usages
are practices followed by an accountant as guide in
preparation of financial statements
| Is This Answer Correct ? | 1 Yes | 0 No |
What is difference between budget & budgeting
Is purchase itself a direct expense?
what is surcharge on which purpose is used please explain
i am working in construction company.we have more then one projects.i enter attendance in payroll projectwise.i want salaries in projectwise not overall in payroll autofill. thankyou sir
what are the tricks in posting trial balance ?
hi, this is shanthi kumar(M.Com). i would like to attend interview in genpact company.please send finance interview questions and interview details. thank u very much
maximum bank permissable finance
why the accounts as personal real and nominal
which is best CA or MBA?
define depreciation?
what is mean by debit purchase
5 Answers Capital IQ, Lycatel, Micro Matic, MM,
What is fair value accounting definition?
Audit 
