Answer Posted / mandar

Accounting Principles are classified into two categories
A) Accounting concepts
B) Accounting Conventions

A) Accounting concepts
1)Business entity concept - business is separet entity from
owner
2)Dual Aspect concept - Liabilities = Assets (dr = cr)
3)Going concern concept - business is going to be in
existence for an indefinitely long time.
4)Accounting period concept - Indefinite long period is
divided into short span for accounting purpose.
5)Cost concept - cost of aquisition of assets is considered
for accounting (considering depriciation) and not current
price of assets.
6)Money measurement concept - only facts which can be
measured in money find place in accounting.
7)Matching concept - expences and costs incurred during
period whether paid or not must match the revenue for that
particular period.

B)Accounting Conventions
1) Convention of conservation
2)Convention of Materiality
3)Convention of Consistency

What are the assumptions on which CAPM is based?

1100

---

What are the basic documents a person requires to open an account

1085

---

What is retail banking?

1125

---

How well can you handle the pressure?

1193

---

What do you mean by commercial banking and explain its types?

1055

---

What Are The Rights And Obligations Of The Buyer And Seller For The Call And Put Options?

1078

---

What do you know about insurance? Name some insurance agencies you know?

1037

---

What is online banking?

1131

---

What do you understand by the SWOT Analysis?

1070

---

What Do You Know About Minimum Subscription?

1157

---

Share your views on India 2020?

1084

---

What is MFN? What is Gold Standard?

1238

---

What are your views on social networking sites?

1151

---

What is Balance of merchandise trade?

1179

---

Why should we give this job to you?

1103

---