what is the different between going concern and accruals
concept
Answer Posted / sricharan babu m
I think both are different terminolagies,
Going Concern means; the compny will not go for liquidation
with in one year. the company financial position is good.
Accrual concept; it ralates to which type of accounting
method we are following,whether accrual or Cash basis. In
accrual concept company has to account all transactions
which are due or accrued in the current period.
Is This Answer Correct ? | 6 Yes | 7 No |
Post New Answer View All Answers
What do you know about hyd? Tell something about hyd?
What is Provision for expenses?
Upto what age PF will be deducted for an employee? And what age he is eligible to gratuity?
what is status report? and flow report?
cash sales and credit sales both are asset or liability?
can payorder be issued for outstation?if yes then how?should it be account payee?
My name is Tasha actually I had put my file for Australia PR on basis of Hairdresser, and I have shown my qualification of 10th passed, but I done my B.Com with Accountancy, and presently I am working as Accountant,Now I want to put up my file for Australia Student is it possible, and my age is 36 yrs, I had already given my IELTS (Academic) and I have scored 6 bands, but its period has been expired,please give me some answer what to do next.
what are the customization u have done in sap mm
what is the subprime?explain it.
explain the financialand economic meaning of investment?
legal accounting methods to reduce profit of a partnership firm so as to reduce the tax liability?
EXPAND______________IARCS
what is ledger account
What is EBITDA
WHAT IS B.E.P. CHART