Explain: Accrual Concept, Realisation Concept, Going Concern
concept, Accounting period Concept
Answer / shweta
Recording the transaction when it happens without bothering
about actual receipt of cash is accrual concept.
Business is going to exist forever,this assumption is going
concern concept.
Accounting period: period at the end of which financial statements are prepared. max. could be 18 months.
Realization concept:when to record the realization of sales
Is This Answer Correct ? | 15 Yes | 15 No |
What is difference between SEZ Developer & SEZ Unit?
2 Answers ABC, Jubilant Organosys,
What is the networth percentage observe by banks
what is the difference between 'quotation' and 'proforma invoice'?
Explain what does the standard journal entry includes?
WHICH QUESTIONS ASKED IN EPFO IN 2009.
What are the rules of Account?
what is indian currary (but not rupee) like bound etc...
Payment Blocks . What is "A" and "R" Blocks in Account payables.. ??
How to Automate requirment mapping in QC?
I'am accountant working in a trading concern. I wish to become an accountant in a manufacturing/construction company.are there any books available in the market from which I can get an Idea as to how accounts are prepared and maintained for a manufacturing/construction company.
sir i want to know that where we taken entry of sals return in excise in manufecturing unit tell me .
how to prepare balance sheet , p and l account ,