Interested to Buy Any Domain ? << Click Here >> for more details...
ACCOUNTING CONCEPTS AND CONVENTIONS
- 4 Answers
- 9413 Views
- Bank Of America, I also Faced
- E-Mail Answers
Answer Posted / b.veerasekhar
accounting principles can be classifieds into two
categaries 1.accounting concepts and 2.accounting convention
1.accounting concepts means assumption are condition upon
which accounting is based.
2.acounting convention refers to customs,tradition,usages
are practices followed by an accountant as guide in
preparation of financial statements
| Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
Mention what does the investment of personal assets by the owner will do?
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?
What are the nine accounting cycles?
If balancing account is not assigned to company & is assigned to department wat will be the effects
Do you know marginal cost?
Tell me different branches of accounting?
what is accounting cycle ?
What is the basic accounting equation?
Wo kya cheez hai jo sal me 1bar mahine me 2 bar aur hafte me 4 bar aur din me 6 bar ata hai?
When Start Service Tax Deducted? How Many Percent is deduct? Service Tax deposited Date in Current 2011.
bookkeeping, and accountancy,purchase procedure , Educational institutions ;, secretarial practices, Administratire and Academic rules and regulations in Government offices, Academic institutional , computer skils. etc
what is the treatment for employee contribution and employer contribution in in pf in accounts under which head??
Do is it proper fo an engineer to head a bank without a good backgroud in accounting? ?
By saying, perpetual or periodic inventory system; what do we mean?
Is it necessary after every journal entry to show its treatment in P&L a/c? Eg. if I am asked to show journal entry of purchasing furniture & fixture on 1st Aug 06, i.e. Furniture & fixture a/c Dr. To cash/bank a/c Along with this, I have to pass following journal entry on 31st Mar 07?? P&L a/c Dr. To Furniture & fixture a/c
