Answer Posted / h.r. sreepada bhagi

Going Concern Concept signifies that the business entity
will remain existence for an unknown future or it's
perennial existence. However it's not possible to ensure
continued existence of a business entity with out
ascertaining the performance result & Assets-Liabilities
status periodically. In order to supplement & strengthen
going concern concept, Accounting period Concept is
relevant. This concept requires closure of Accounts at the
end of each successive accounting period (usually a year
containing 12 months).

This way both the accounting concepts are relevant & related.

Please let me know Under head of Sales Advance?

1947

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in insolvency we have to prepare deficiency account but why we do not prepare this account as per general principle i.e Dr Cr To By etc , and deficiency account is which account?

5008

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when we can submit Form-C to the Sales Tax Dept. What is the period to issue Form-C to the supplier

1797

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I am working in govt. sec. How to make journal entry in books for Fix Deposit

1819

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What is entry of Dishonored cheque issued to supplier

1269

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What would be the entry at the time of Generating Tution Fee Challan for Advance fees. (e.g In the Month of April, Fees of June and July in being asked to pay by school to their students?,

1865

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What does a demo/presentation need to be effective?

890

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Tell me what is reversing journal entries?

984

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Please would you provide me with a defenition of Cycle count tolerance ? Thank you

1936

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What is dividend warrants?

1098

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Mention what is bank reconciliation?

1135

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what is the difference between cash book(cash coloumn) and cash book(bank coloumn)?

2012

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correction of sundry creotors

2597

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Is an "account receivable" and "goodwill" real accounts in accounting?

936

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What is the difference between consigner and consignee?

1020

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