Answer / priya jain

Hybrid System is not a system of accounting on its own. It is a combination of the Cash Basis Accounting and Accrual Basis Accounting. This system is based on the concept of conservatism.
Under the hybrid system of accounting, incomes are recognised as in Cash Basis Accounting i.e. when they are received in cash and expenses are recognised on accrual basis i.e. during the accounting period in which they arise irrespective of when they are paid.

Do v call director in the partnership firm?

0 Answers  

---

while passing a journal entry we rite dr. for the a/c to be debited but why don't we write cr. for the a/c which is credited and instead write 'TO'??

0 Answers  

---

What do u mean by Deferred Revenue Expenses? Explain with examples?

8 Answers   Cap Gemini, Genpact, HSBC, Shivam, Wipro,

---

EXPAND______________ROC

1 Answers  

---

what is the finallizition account

1 Answers  

---

what are tangible assets?

5 Answers  

---

housing loan taken from tata capital housing finance ltd.,how can entry make with interest with sanction amount and documentation charges

1 Answers   KMS,

---

13. The firm has 20,000 common shares authorized, 15,000 shares outstanding, and 3,000 shares of treasury stock. How much common equity shares are issued. a) 2,000 b) 5,000 c) 17,000 d) 18,000

8 Answers   Capital IQ, FactSet Systems,

---

what is uses your subject commerce in banking

1 Answers   Banking,

---

plz send all previous question papers for SBI clerical post.My email id is mechabhilash6@gmail.com

0 Answers   State Bank Of India SBI,

---

explain how the accounting concept of prudence is observed when a business provides for the depreciation of its non current assets

1 Answers  

---

EXPAND___________NBW

0 Answers  

---