Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / praveenprashanthi
Momentum Accounting and Triple-Entry Bookkeeping is an
alternative accountancy system developed by Yuji Ijiri and
is the title of the 1989 monograph that he wrote.[1] It is
hard to imagine alternatives to the universal system of
double-entry bookkeeping, but this is one.
In regular, double-entry bookkeeping, changes in balances
such as earning revenues and collecting cash are recorded.
These events are recorded with two entries, usually a debit
and a credit, assigned on a given date. In momentum
accounting, changes in changes are the recognized events.
For example, an acceleration in revenue earning, such as a
$1,000 per period increase of revenues from $10,000 per
month to $11,000 per month, is a recordable event that would
require three entries to implement.
| Is This Answer Correct ? | 11 Yes | 3 No |
Post New Answer View All Answers
what are the extraordinary items?
What is the difference between General Ledger and Ledger?
Please advise how to calculate net asset....
Describe the advantages and disadvantages of the different accounting packages/systems you have used recently in your accountant jobs
Sales Invoice 50000/- fully profit , management want profit for this year should be appear in P&L A/c and B/S 25000/- only and remaining 25000/- profit retain for the next year What will be JV for this year and next year?- Thank you
What is icai?
What is accounting transaction?
My company sent this party goods 62750 this goods is loss sundorbhan paribahan. how to create voucher
Define depreciation and its types?
sIR, DEAR SIR, WE ARE PREPARING EXPORT INVOICES AT THE TIME OF INVOICE PREPARATION WE MENTIONED EXCISE, EDN CESS AND SH EDN CESS AMOUNT ALSO IS IT CORRECT ARE NOT BUT I THINK WHEN MATERIAL SOLD EXPORT EXCEMPTION FROM EXCISE, EDN CESS AND SH EDN CESS WHICH EVER IS CORRECT. PLEASE CLARIFY MY DOUT. ADVANCE THANKING YOU,
How you can adjust entries into account?
how many types excise audits and when they are applicable to firm
What qualifications have you achieved?
What are the disadvantages of manual accounting?
hi m freshe working as a account assistance. i want know about accounts, what is balance sheet, profit & loss a/c, trail balance? why these are require to company? how can i know about full account work in tally? what should i do everyday? how to finalisation calculting? kindly explain please..
