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WHAT ARE THE PRINCIPALS OF ACCOUNTING
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Answer / sitaram sawant
There are Three fundamentals principles
1. debit the receiver and credit the giver
2. debit what comes in and credit what goes out
3. debit all losses or expenses and credit all gain or
income
| Is This Answer Correct ? | 32 Yes | 16 No |
Answer / venu
Principles:-
1. Economic Entity Assumption
2. Monetary Unit Assumption
3. Time Period Assumption
4. Cost Principle
5. Full Disclosure Principle
6. Going Concern Principle
7. Matching Principle
8. Revenue Recognition Principle
9. Materiality
10. Conservatism
| Is This Answer Correct ? | 19 Yes | 7 No |
Answer / aleem
There are three important principles of Accounting
Personal Accounting: Debit the receiver and Credit the giver
Real Accounting: Debit what comesin and Credit What goesout
Nominal Accounting: Debit all expenses and losses and
Credit all incomes and gains
| Is This Answer Correct ? | 18 Yes | 8 No |
Answer / palakurthi rajamouli
Accounting concepts and accounting conventions are called
accounting principles
| Is This Answer Correct ? | 3 Yes | 1 No |
Answer / kumar
1. debit the receiver and credit the giver
2. debit what comes in and credit what goes out
3. debit all losses or expenses and credit all gain or
income
| Is This Answer Correct ? | 1 Yes | 1 No |
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Who invented Double entry system of Accounting and when
Truck # 3 has a list price of 16000. It is acquired in exchange for a computer system that company A caries in its inventory. The computer system cost 12000 and is normally sold by company A for 15200. Pass the journal for the same.
What is deference between Revenue and Income
10 Answers Capital IQ, IBM, TVS, ZDG,
Expand C B D T
I KNOW THAT INSURANCE CHARGES ON PURCHASE OF VEHILE (LIGHT/HEAVY VEHICLES)HAS BEEN CAPITALISED OR NOT.
is outstanding items (either expences or incomes) comes in trial balance? if so how to treat them in financial statements
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what is transposition-cum-demat?
Hai i am mathi Preparing for bsrb clerical examinations.If anybody had that please mail me at mathiy@rediffmail.com
What Does Suspense Account Mean?
13 Answers Capital IQ, Talk Delta,
where is suspense entry is entered in tally erp9
Audit 
