ACCOUNTING CONCEPTS AND CONVENTIONS
Answers were Sorted based on User's Feedback
Answer / guest
Concepts of accounting:
Separate entity concept
Going concern concept
Money measurement concept
Cost concept
Dual entity concept
Accounting period concept
Periodic matching of costs and revenue concept(Matching
concept)
Realization concept
Conventions of accounting
Conservatism
Full disclosure
Consistency
Materiality
Is This Answer Correct ? | 10 Yes | 0 No |
Answer / nikhil krishna
it is the accounting conceprts are...Separate entity
concept,Going concern concept,Money measurement
concept,Dual entity concept
Is This Answer Correct ? | 4 Yes | 0 No |
ACCOUNTING CONCEPTS:
1 MONEY MEASURMENT CONCEPT
2 DUAL ASPECT CONCEPT
3 SEPARATE ENTITY CONCEPT
4 ACCRUAL CONCEPT
5 PERIODICITY CONCEPT
6 REALISATION CONCEPT
7 MATERIALITY CONCEPT
ACCOUNTING CONVENTIONS:
1 CONVENTION OF CONSERVATISM
2 CONVENTION OF CONSISTANCY
3 CONVENTION OF DISCLOSER
Is This Answer Correct ? | 3 Yes | 1 No |
Answer / 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 |
What is the Journal entry of the Transaction -- The Horse bought on April 20 died , its carcase was sold for rs.50. also tell me what is treatment in P/L A/c and Balance Sheet.
4 Answers ASDC, Financial Services,
what is the eligible to deduct the professional tax?
can we change date in tally.erp s/w in educational mode ?
vat paid on purchase is it comes on direct expenses or indirect expenses
Journal entry for Salary paid 100000/- in which (1)pf (2)esi (3) professional tax included
Compare financial accounting and cost accounting.
if rs 200 has to be charged in one A/c but had been wrongly charged in another A/c.what entry will be pass to correct the entry
By saying, perpetual or periodic inventory system; what do we mean?
How many type of Invoices?
distribution of gift in diwali to employee & buyer!! what's suitable expences head.
2 Answers Hindustan Institute of Technology,
Was there a time when you lost the chance to engage a prospect? What happened and what did you learn?
What u know abt mutual funds?
0 Answers Franklin Templeton, icl, Syntel,