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WAT ARE ACCOUNTING PRINCIPLES
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Answer / 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 |
Answer / sharyanch
Three Princpiles of Accounting -
1.Personel A/c.
2.Real A/c.
3.Nominal A/c3
| Is This Answer Correct ? | 6 Yes | 5 No |
Answer / ponnam mahesh
Acconting Principles are two types........
1. Personal A/c.
2. Impersonal A/c.(2 types)
a.Real a/c.
b.Nomimnal a/c.
| Is This Answer Correct ? | 2 Yes | 6 No |
How to show Airticket Expense on Company's A/c as Company expense
I have received 75000/- as retainership fees from ABC company but they have deducted TDs 10% and send me 67500/- my question is that what entry i have to pass in my books please help me
Trial balance as on 31st March, 2014 Particulars Debit Pula Particulars Credit Pula Wages 14 100 Dividends received 4 300 Salaries 13 000 Bank overdraft 41 000 Opening Stock 40 000 Returns 1 000 Machinery 49 000 Creditors 14 200 Investments 30 700 Sales 258 500 Drawings 23 000 Capital 30 000 Purchases 130 000 Returns 2 000 Debtors 18 000 Advertising 13 400 Interest 4 800 Cash 11 000 349 000 ======= 349 000 ======== Additional information: 1. Closing stock is valued at P53 000. 2. Wages include P350 being advance against wages. 3. Wages include P1 000 paid for erection of machinery. 4. A purchase of stationery for P430 has been inadvertently included in the Purchases account. 5. A sale of investments with a book value of P2 600 for P2 500 has been included in the Sales Account. 6. Salaries include P150 per month paid to the proprietor’s domestic servant. 7. Machinery is to be depreciated by 10 per cent. Required: a. The revenue statement (Trading and Profit and Loss Account) for the year ended 31st March 2014 and b. Statement of financial position (Balance Sheet) as on 31st March, 2014.
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Company ABC split 1:3 on March 31, 2009 and split 3:1 on March 31, 2008. Date Close Price # of Shares Revised Closed Price Revised # of Shares June 15, 2009 $75.00 3000 $75.00 April 23, 2009 $72.00 2300 $72.00 March 31, 2009 $67.00 999 $ March 31, 2008 $275.00 300 $91.66 November 30, 2007 $233.00 6800 $77.66 October 6, 2006 $1,333.00 13000 $444.33
Explain a time when you have not met your goal?
Audit 
