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what is general accounting?
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Answer / www.biramkhan
this is day to day transaction like,sales ,purchse .
| Is This Answer Correct ? | 20 Yes | 0 No |
Answer / utpal bora
MAINTAIN DAY TO DAY TRANSACTION LIKE
SALES,PURCHASE,JOURNAL,CREDIT PURCHASE,CASH PURCHASE,CASH
SALES,CREDIT SALES.IN THE END OF THE DAY WHAT AMOUNT WE
RECEIVED OR RECEIABLE,PAYMENT OR PAYABLE.THIS CALL MATCHING
CONCEPT.THIS CALLED JUST GENREAL ACCOUNTING.BUT ACCOUNTING
SUBJECT IS VERY BIG.
| Is This Answer Correct ? | 11 Yes | 2 No |
Answer / anil
accounting is a process of recording,clasifing and
communicating the business transactions
| Is This Answer Correct ? | 6 Yes | 2 No |
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2 Answers College School Exams Tests,
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Mr. A purchased a machinery costing Rs. 1,00,000 on 1st October, 2005. Transportation and installation charges were incurred amounting Rs. 10,000 and Rs. 4,000 respectively. Dismantling charges of the old machine in place of which new machine was purchased amounted Rs. 10,000. Market value of the machine was estimated at Rs. 1,20,000 on 31st March 2006. While finalising the annual accounts, A values the machinery at Rs. 1,20,000 in his books. Which of the following concepts was violated by A? (a) Cost concept (b) Matching concept (c) Realisation concept (d) Periodicity concept.
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Audit 
