It is a system in which accounting entries are made on the basis of amount having become due for payment or receipt. This system recognizes the fact that if a transaction or an event occurred, its consequences cannot be avoided and therefore, should be brought into book in order to present a meaningful picture of profit earned or loss suffered.
Please Help Members By Posting Answers For Below Questions
We can add the no. of increase in shares due to exercise of
the options.Why diluted eps is calculated separatey?
Difference between cash and merchantile system?
What is the analytical way of accounting?
how to do the recurring entries or steps to follow that
Short Answer on _________Business
What is a bad credit score?
Explain howyou would account for the following
items/situations,justifying answers by reference to the
conceptual frameworks defintion and rcognition criteria.
a)A trinket of sentimental value only
b)You are the guarantor for your friends bank loan
i) You have no reason to belive that your friend will
default on the loan
ii) As your friend is in serious financial
dificulties,you think it is likely that he will default on
c)You receive 1000 shares in X Ltd,trading at $4 each,as a
gift from a grateful client.
d)The panoramic view of the coast from your cafes
windows,which you are convinced attracts customers to your
what is participation right is it a debt? or not?
why are you selecting for the controlling area same company
what is Contra Asset?
Plz send me the questions that could be asked in an
interview for a Bank Clerical job to firstname.lastname@example.org.
What is money measurement concept
what is the scenario of multi-org setup?
Whats the difference between merger and aquisition?
capital introduced by partners?
how it will be shown in tally?
(i.e.at the place of Account what we have to post)
(at the place of particulars what we have to post)
(in which vocher we can post it)