Answer / heera

There are 3 Accounting principles. They are
1.Personal Accont:Receiver=Dr
Giver=Cr
2. Nominal Account:Expences/Losses=Dr
Incomes/Gains=Cr
3. Real Account:What Comes in=Dr
What Goes Out=Cr

Answer / t.r.n. sivakumar

Accounting principles consist of Accounting Concepts and
Accounting Conventions.
Accounting Concepts:
1. Business entity concept.
2. Dual Aspect concept
3. Accounting period concept.
4. Money measurement concept.
5. Realisation concept.
6. Matching concept.
7. Accrual concept.
8. Cost concept.
9. Going concern concept.
10.Rupee concept.

Accounting Convention:

1. Convention of consistency.
2. Convention of convervatism.
3. Convention of full disclosure.
4. Convention of materiality

Answer / h.r. sreepada bhagi

Accounting principles consist of Concepts & Conventions
mentioned by Sivakumar. There's no Rupee concept. These
principles are relevant all over the world under double
accounting system.
What's mentioned by Heera are Accounting Rules and not
principles.

Answer / isaac kamya

these include-cost principle,
revenue principle,
matching principle,
disclosure principle.

Compute the following selling price for the follwing item: Basic cost CST @ 4% on basic cost freight & insurance Rs 200/- Margin @ 15% on selling price

2 Answers  

---

what is business entity concept?

20 Answers  

---

what is the reason for balance sheet not getting tallyed

1 Answers  

---

what is meant by fixed deposit?

5 Answers  

---

Expand DPCO

1 Answers  

---

what is mutualfunds?

5 Answers   Karvy,

---

I WANT ACCOUNT ASSISTANCE INTERWIEV QUETION IN L&T

1 Answers   L&T,

---

company accounts introduction?

1 Answers  

---

Answered but misspelled pl correct ARE THE BUSINESS PERFORMANCE OF TRADING ACTIVITIES (ANS.SSTTANRACION)

1 Answers  

---

what is finance tell me in exact definition?

6 Answers   Bank Of America,

---

WHAT IS THE JOURNAL ENTRY FOR PURCHASE RETURNS IN THE BOOKS OF PURCHASER & SELLER

7 Answers  

---

Three steps for correction in BRS?

1 Answers  

---