what are the three basic acounting principles.what is
account reconcilliation.what is portfolio management




Answer Posted / chaitanya

ACCOUNTING PRINCIPLES:

1.REAL(OR)ASSET A/C'S, 2.PERSONAL A/C'S 3.NOMINAL(OR)
FICTICIOUS A/C'S.

RECONCILIATION A/C: TO RECOUNCILING THE PASS BOOK AS WELL

AS CASH BOOK IS CALLED RECOUNCILIATION A/C.

PORTFOLIO MANAGEMENT:In the case of mutual and exchange-
traded funds (ETFs), there are two forms of portfolio
management: passive and active. Passive management simply
tracks a market index, commonly referred to as indexing or
index investing. Active management involves a single
manager, co-managers, or a team of managers who attempt to
beat the market return by actively managing a fund's
portfolio through investment decisions based on research
and decisions on individual holdings. Closed-end funds are
generally actively managed.

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