Interested to Buy Any Domain ? << Click Here >> for more details...
what are accounting principles
- 8 Answers
- 12678 Views
- Accenture, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / raju malode
PERSONAL A/C
DEBIT THE RECEIVER......
CREDIT THE GIVER........
REAL A/C
DEBIT WHAT COMES IN.....
CREDIT EHAT GOES OUT....
NOMICAL A/C
DEBIT ALL EXEPENSES AND LOSS.....
CREDIT ALL INCOM AND GAINS.......
| Is This Answer Correct ? | 39 Yes | 5 No |
Answer / spsiva.mba.
Accounting Principles may be classified into two catagories
as follows.
1.Accounting Concepts.2.Accounting Conventions.
Accounting Concepts are,1.Businessy Entity Concept.2.Dual
aspect Concept. 3.Going Concern Concept.4.Cost Concept.
5.Accounting Period Concept.6.Accural Concept.7.Matching
Concept.8.Historical Record Concept.9.Money Measurement
Concept.
Accounting Conventions are,
1.Disclosiry.2.Materialty.3.Conservatio.
| Is This Answer Correct ? | 33 Yes | 1 No |
Answer / shashi kiran
Personel Account:
Debit the receiver & Credit the giver.
Real Account:
Debit what comes in & Credit what goes out.
Nominal Account
Debit all Expenses & lossed & Credit all Incomes & Gains.
| Is This Answer Correct ? | 10 Yes | 2 No |
Answer / chandu
accounting principles means accounting concepts and accounting conventions.
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / mitali jain
Accounting principles are specific methods adopted by
enterprise which are applied in the preparation and
presentation of financial statements.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / bhargavi
accounting principles are
1) personal a/c
2) nominal a/c
3) real a/c
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / sanjay gupta
Debit the giver credit teh receiver
Debits what comes in credit whay goes out
Debit all expenses & loss credit all teh profits & Income.
| Is This Answer Correct ? | 13 Yes | 15 No |
what is the diffrance between fund flow statement and cash flow statement.
ROLE OF FINANCIAL MANAGER IN MATTERS CONCERNING DIVIDEND POLICY?ALTERNATIVES THAT HE MIGHT CONSIDER & THE FACTOR WHICH HE SHOULD TAKE IN TO CONSIDERATION BEFORE FINALISING HIS VIEWS ONDIVIDEND POLICY?
In Pricing the gallons of petrol sold,service station 'A' follows the first-in-first-out method,while service station'B'follows last-in-first-out method.On 1st January both has the same quantity in stock viz.6,000 gallons at Rs.26 per gallon.During the month,each station recieved additional supplies of 6,000 gallons at Rs.27.50 per gallon.Sales for each of these two stations,during the month,were 8,800 gallons at Rs.29 per gallon. Determine for each service station,profit earned during the month and value of the petrol in stock at close of the month.
what is the frienge benefits tax?what is usefull?
Expand BEMS
When does services tax liability arise? Is the liability on the recipient or the payer? What is the general rate of ST applicable?
What is letter of credit?
2 Answers State Bank Of India SBI,
what is exercise duty how to calculate that and how to update in tally
Carriage outwards will appear on -----------side of---------
Harpithas due Rs 55000 was settled infull by taking Haris due Rs 12500 in adjustment Pass necessary entry
shareholder belongs to which one having shares both in equity and preference
If a bank lends money to FFMC's for working capital requirement, whether the Bank can have charge on the currencies FFMC deal/exchange, by way of hypothecation or is it just a clean loan.
Audit 
