what are concepts and conventions of accounting

Answer Posted / parul goswami

Accounting Concepts
1-Business Entity COncept
2-Dual Aspects Concepts or Accounting Equation Concepts or
Balance Sheet Concept
3-Going Concern COncept
4-COst COncept
5-Money Measurement COncept
6-Accounting Period Concept
Accounting Conventions
1-Convention OF consistency
2-Convention OF disclosure
3-Convention OF Materiality
4-Convention OF Conservatism

Is This Answer Correct ?    120 Yes 36 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Purchase book is a ----------journal

1696


Sales for ABC Company were Rs.150,000 for 2003.The beginning inventory was 30% of the cost of goods sold.The ending inventory was 50% of the beginning invetory.Selling expenses were 10% of sales and absorbed 30% sales.Income taxes were 30% of net income before taxes.

1648


What is Hot Issue Income for Hedge Funds?

8228


what is the process to return sales tax file?how can i prepared s.t. file?what should be qualification for it?

1488


What is Mean By FRS for HQ reporting, How To Prepare?

1615






what is mba tell me the more benefits in mba

1601


What is 100% EOu? what is the benifit and what is difficulty of it?

1678


what is mean by T and E cosept

1582


How will be prepare invoice in tally, please tell me step by step

2367


what is internal audit

1603


Expand-------SCAN

1616


If DEBT/EQUITY ratio 2:1, is to good or bad for a company? how...??? can u explain it...???

1700


When we are raised a interstate invoice then which type invoice we are raised

1458


i am a mba fresher and i'm learning oracle finance.please give me ur valueble suggetions about my career in oracle finance? what r the requirements 2 get a good job in time?

1736


What is the defination of job costing, batch costing and contract costing?

3695