list out the accounting concepts and explain the accural
concept

Answer Posted / prasannakumar7515

1)entity concept
2)accrual concept.
3)matching concept
4)periodicity concept


The trancations are recorded when and they occour, with out
waiting fo actual receipts or payments.this kind of
recording trancations when they occour called accural
concept.

Is This Answer Correct ?    10 Yes 3 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

differences between liabilities and assessts

3424


where we have file E-returns in SAP FICO-CIN/Wtax?

2198


what is Accounting Standers?

1700


what amounts to appropriation of profits? When provision for taxation does not amount to appropriation of profits?

1790


Guest expenses Rs 5500/-on behalf of partner Aravind was written as Hospitality. Rectify it

1455






business sepsarate entity concepts

1692


Who is called consignor

1486


income from depreciated asset is profit or loss?

1010


how to entery pass in tally when items damage(items insured)and claim to insurance co.

2025


what is the subprime?explain it.

1783


commisiion recieved journal entry and receipt required

1015


Can anyone mail journal entries for me? my Mail id rukmini@live.in

1432


I WANT ACCOUNT ASSISTANCE INTERWIEV QUETION IN L&T

2063


What is compensation theorem?

2504


The cost equation y= $0 + $1.60x represents which type of cost? Variable, Fixed, or Mixed

1736