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ACCOUNTING CONCEPTS AND CONVENTIONS

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ACCOUNTING CONCEPTS AND CONVENTIONS..

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

ACCOUNTING CONCEPTS AND CONVENTIONS..

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 AND CONVENTIONS..

Answer / madhulika

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

ACCOUNTING CONCEPTS AND CONVENTIONS..

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

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