list out the accounting concepts and explain the accural
concept
Answer Posted / prasannakumar7515
1)entity concept
2)accrual concept.
3)matching concept
4)periodicity concept
The trancations are recorded when and they occour, with out
waiting fo actual receipts or payments.this kind of
recording trancations when they occour called accural
concept.
| Is This Answer Correct ? | 10 Yes | 3 No |
Post New Answer View All Answers
How do we return the loan in equal installments with interest in tally
Expand---------DBPC
All shot cut key use in the tally software & it's uses
what type of a/c these accounts are are tey real, nominal or personal (1)realisation a/c (2)new company a/c(3)equity share holders a/c
What is the use of final account?
Nature of training account with reason
I want to know how to get Appeared to the examination of State bank of India. And how can i find the question Book Series.
Do v call director in the partnership firm?
Explain howyou would account for the following items/situations,justifying answers by reference to the conceptual frameworks defintion and rcognition criteria. a)A trinket of sentimental value only b)You are the guarantor for your friends bank loan i) You have no reason to belive that your friend will default on the loan ii) As your friend is in serious financial dificulties,you think it is likely that he will default on the loan c)You receive 1000 shares in X Ltd,trading at $4 each,as a gift from a grateful client. d)The panoramic view of the coast from your cafes windows,which you are convinced attracts customers to your cafe
Expand-------CAN
what is Sums on Finalization of Accounts?
Where the Cost of labour, Material used and sales scrap (if sales given)get effect in balance sheet
Why we reconcile our debtors? what steps we taken during reconciliation.
.,can someone tell me how to compute the subscribed capital share?
what is the meaning of Processing Vendor/Employee payments