Interested to Buy Any Domain ? << Click Here >> for more details...
What are the accounting principles or concepts.Expalin briefly.
- 6 Answers
- 15236 Views
- Capital IQ, Genpact, Hyundai, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / chocolate
The fundamental accounting concepts are: the going concern
concept, the accrual or matching concept, the prudence or
conservatism concept, the consistency concept. And other
concepts are the historical cost concept, the money
measurement concept, the realisation concept, the
materiality concept and the periodicity concept.
| Is This Answer Correct ? | 33 Yes | 3 No |
Answer / s.v.ramana
1.Personal Accounts:
Debit the receiver, Credit the giver
eg. Rama a/c, SBI a/c, Shri & Co, a/c
2.Real Accounts (Assets Account):
Debit what comes in, Credit what goes out
eg. Furniture, Machinery etc.
3.Nominal Accounts :
Expences & losess should be Debit, Profits & Gains should
be Credit
eg. Rent a/c, Interest Received
| Is This Answer Correct ? | 38 Yes | 13 No |
Answer / vikram singh
Those rules and set languages which are imortant to prepare
the accounting statements are called accounting principals.
accounting principals are accepted by all over the world as
a general guidlines for preparing the accounting
statements. THESE ARE ALSO CALLED (GAAP) GENERAL ACCEPTED
ACCOUNTING PRINCIPALS. Example;business entity
cencept,going concern concept.money measurment concept.
| Is This Answer Correct ? | 16 Yes | 3 No |
Answer / mohammed enayath ali ( hyd)
Accounting concepts:
1)Separate entity concept
2)Going concern concept
3)Cost concept
4)Dual aspect concept
5)Accounting period concept
6)Periodic matching of cost and revenue concept
7)Realization concept
| Is This Answer Correct ? | 9 Yes | 2 No |
Answer / siphesihle lusenga
gaap principles are practises that the business es
everywhere must comply with so that all can be done
ethically and profe4ssionally within the business.here are
some of the gaap principles PRUDENCE,CONSISTENCY,GOING
CONCERN,SEPERATE ENTITY,MATCHING
CONCEPT,MATERIALITY.HISTORICAL COST
| Is This Answer Correct ? | 5 Yes | 1 No |
Answer / arun prasath
Personal Account, Real Account& Nominal Account
| Is This Answer Correct ? | 16 Yes | 18 No |
in first puc accountancy book by B.S.Raman there is a lots f definitions for everything so how should i have to study
WHAT IS CORPORATE ACTION?
Explain Hybrid system of accounting
Define capital
what are the rules and regulations of junior accountant
while doing work in dolphin software when credit note is given by supplier to purchaser then purchaser is debited supplier account so on credit side which account is coming which account should be credited
Where we show Service Tax Due ( Debit Balance ) in Balance Sheet?
describ salary statement
What was key roles of Cashflow statement and Fund flow statement and Balnsheet..?
15. Which statement about ADRs is true? a) An ADR is the receipt for the shares of a foreign based corporation held in U.S bank b) ADRs do not trade on U.S exchange c) ADRs give non U.S investors a way to buy non US company shares in the US market. d) The holder of an ADR is entitled to only the dividends for the security
4 Answers Capital IQ, FactSet Systems, Wells Fargo,
what is the gernal vocher ?
What is MEan By Sundry?
Audit 
