Interested to Buy Any Domain ? << Click Here >> for more details...
ACCOUNTING CONCEPTS AND CONVENTIONS
- 4 Answers
- 9724 Views
- Bank Of America, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / guest
Concepts of accounting:
Separate entity concept
Going concern concept
Money measurement concept
Cost concept
Dual entity concept
Accounting period concept
Periodic matching of costs and revenue concept(Matching
concept)
Realization concept
Conventions of accounting
Conservatism
Full disclosure
Consistency
Materiality
| Is This Answer Correct ? | 10 Yes | 0 No |
Answer / nikhil krishna
it is the accounting conceprts are...Separate entity
concept,Going concern concept,Money measurement
concept,Dual entity concept
| Is This Answer Correct ? | 4 Yes | 0 No |
ACCOUNTING CONCEPTS:
1 MONEY MEASURMENT CONCEPT
2 DUAL ASPECT CONCEPT
3 SEPARATE ENTITY CONCEPT
4 ACCRUAL CONCEPT
5 PERIODICITY CONCEPT
6 REALISATION CONCEPT
7 MATERIALITY CONCEPT
ACCOUNTING CONVENTIONS:
1 CONVENTION OF CONSERVATISM
2 CONVENTION OF CONSISTANCY
3 CONVENTION OF DISCLOSER
| Is This Answer Correct ? | 3 Yes | 1 No |
Answer / b.veerasekhar
accounting principles can be classifieds into two
categaries 1.accounting concepts and 2.accounting convention
1.accounting concepts means assumption are condition upon
which accounting is based.
2.acounting convention refers to customs,tradition,usages
are practices followed by an accountant as guide in
preparation of financial statements
| Is This Answer Correct ? | 1 Yes | 0 No |
hi m freshe working as a account assistance. i want know about accounts, what is balance sheet, profit & loss a/c, trail balance? why these are require to company? how can i know about full account work in tally? what should i do everyday? how to finalisation calculting? kindly explain please..
pls can any body give me detail journal entries for stock of amanufaturing company?
as per partnership deed, salary to working partner is rs 8000/ per month (96000 annually), suppose if i have book profit of rs 50000/ only,then what is the procedure to give salary
How to pass advance entry in tally, and how it should adjust against future invoice.?
while we are paying salary what wil be the entry for tds deduction
what are cost accounting and its applications?
In Ledger of Capital A/c what will be the entries for Drawings a/c?
hii.. i m anura i need 30,000 urgently can i get 30,000 rps..i m doing job of accounting
Mutual Funds
i need clarification about tds will be calculate before deductions or after deductions on gross salary+incentive
what is come first debit or credit? means in the bussiness debit comes first or credit
define accounting?
Audit 
