Interested to Buy Any Domain ? << Click Here >> for more details...
what is accounting concept? explian in brief?
- 9 Answers
- 19708 Views
- Capital IQ, Hero Honda, I also Faced
- E-Mail Answers
Answer Posted / shilpa
accounting concepts are the assumptions. these assumptions are natural & not forced one which helps in recoding the business transactions.
accounting period concept
separate entity concept
money measurement concept
going concern concept
| Is This Answer Correct ? | 9 Yes | 0 No |
Post New Answer View All Answers
what is revenue recognition rule, and can you specify the answer.
as per partnership deed, salary to working partner is rs 8000/ per month (96000 annually), suppose if i have book profit of rs 50000/ only,then what is the procedure to give salary
how to calculate the rate of hard ,soft and very very hard rock rate of cubic meter
Tell me what is the general classification of accounts that usually ledger account involve?
What and How to compute an unsecured balances?
HI I AM WORKING IN A INTERIOR DESIGNING COMPANY.WE ACTUALLY GET PROJECTS FROM CLIENTS & WE SUBCONTRACT THE WORK WE USUALLY SUBCONTRACTS THE SUPPLY OF LABOUR & SUPPLY OF MATEIALS TO SUBCONTRACTORS.WE DONT HAVE LABOURS OF OUR OWN & ALSO PRODUCTION OF MATERIALS.HOW CAN I TREAT THIS IN TALLY IS THERE ANY OPTION AVAILABLE IN TALLY FOR SUBCONTRACTING OR SHALL I ENTER THE NAME OF SUBCONTRACTORS AS SUNDRY CREDITORS AS WE DO USUALLY IN TALLY.PLEASE DO LET ME KNOW ABOUT THIS 0554125475 IS MY NUMBER
Can share warrants issued by the company be considered as potential equity shares? If yes, then will it be considered for calculating dilutive EPS?
Pls tell me the basic rules of accounts for interview in finanace or accounts section
How do you prepare mis reports?
Why is it necessary to prepare Asset Disposal Account?
what is the minimum & maximum amount paid by company per day
Explain the meaning of long-term notes payable is or long term liabilities?
The following transactions relating to ABC Ltd for the month of 20x1 a) Services performed in relation to income recieved in advance total $1500 b)Supplies expense includes $400 of supplies that are still on hand at 30 June c)Interest accrued on the bank loan is 750 d)At the end of june paid rent for 3 months (June, july Aug) $6000 e)Credit sales for the month of June 2009 amounted to $50000. Past expierence shows that around 1.5% of net credit sales are written off as bad debts. XYZ ltd, previously notified ABC ltd that they have gone bankrupt, will be able to pay $1000, which was recieved at the end of the month. The provision of doubtful debt has an opening balance of $800. f) The owners of ABC Ltd wish to revise the balance of the provision of doubtful debts account to $3500. g) Depreciation of one year on the delivary van is $1500. h) On 30 June 2009, ABC Ltd sold an item of equipment for $40000 cash. The cost of equipment was $50000 and had a accumulated depreciation balance of $2000 REQUIRED: Prepare the relevant adjusting journal entries for the month of June 20x2
If a promoter has purchased an asset on behalf of the company before the incorporation of the same then what will be the accounting treatment to record the asset in the books of company
what is capital reserve
