Answer Posted / s.yakaiah
Everybody thinks that principles means personal
a/c,nominal,real a/c,but it is wrong,they are rules.
principles are two types
1.concepts
2.conventions
concepts are separate entity,going concern,money
measurement,cost,dual aspect etc.....
conventions are conservatism,full discloser etc....
| Is This Answer Correct ? | 5 Yes | 0 No |
Post New Answer View All Answers
What is mis report , how to prepare mis report for general ledger?
Describe the advantages and disadvantages of the different accounting packages/systems you have used recently in your accountant jobs
Tell me what are the three factors that can affect your cash flow and business profitability?
How do we calculate the cost of investment?
What is an operative accounts?
what is the last date of deposit TDS on liability for the assessment year 2010-11
what is tribal area allowance means
Can i put opening stock in new company during closing time
Explain the concept of responsibility accounting
List out some of the accrued expenses and the accounts in which you would record them?
What is control in accounting?
What is the treatment of claim settled by insurance company but still receivable in profit and loss account
Journalize the Following: 1. The following were purchased on account: a. Materials $ 10,000 b. Office supplies $ 2,000 c. Small tools $ 1,000
how go make jaggery sales and purchace bill in tally 7.2,jaggery lumbs comes in different weight not fixxed weight and i want stock in lumbs and bill amount in rupees (exp.lumbs/weight/rate/amount-1000/102.50/2500/256250)
what is debit balance report in SAP?. how do you describe DB report in brief.