Answer Posted / shravan

Accounting concepts are the base for accounting system as per accounting concepts we record the books of accounts
these are;
1.going concern concept.
2.dual account concept.
3. business entity.
4.separate account.
5.matching concept.

Is there any circumstance where an accountant is allowed to depart from accounting standards while preparing financial statements? If yes explain why, if no explain no.

2121

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Explain me what is assets minus liabilities?

1058

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Can a firm claim preliminary expenses incurred(manufacturing) or only its is applicable to Companies? can a firm claim ,1/5 of such expenses incurred as deduction as in case of Companies? or any other procedure.

2192

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Expenses which are incured during the manufacturing are direct expenses.In that case,what are the direct expense in a trading firm where there is no production.Like salary, rent, electricity etc in a trading firm

2590

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Define offset accounting?

1065

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what is difference between budgeting and Forecasting

1718

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what is capital reserve

2015

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What is the difference between accumulated depreciation and depreciation expense?

1217

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Have you ever heard about tds, what it is?

1098

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I have interview in Accenture,already anyone attend the interview, kindly gave some information about accounts interview & also about the company.

2343

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What is meant by calendar maintenance?

1166

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Define "book value" as applied to accounting

1078

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Tell me under the accrual basis of accounting, when revenues are reported in the accounting period?

4027

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sale cycle

1948

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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

1927

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