Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...


Difference between Accounting Concepts and Conventions



Difference between Accounting Concepts and Conventions..

Answer / prasanth jenjuluri

Concepts tend to be written in the accounting standards whereas conventions are not and are assumed. 




Examples of concepts would be: Accruals concept, Prudence concept. 
Examples of conventions would be: double entry, accounting equation (assets - liabilities = capital)

Is This Answer Correct ?    1 Yes 0 No

Post New Answer

More Accounting General Interview Questions

What is a Payment Format

0 Answers   Accenture, Genpact,


when the ABC's personal bank to to his business bank money transferred(paid) then how to pass the entry.

0 Answers  


Different types of payments

1 Answers   Accenture,


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

3 Answers  


Rent is direct income or indirect income

2 Answers  


what is profit & Loss Appropriation A/c. why it is prepered? what are its benefit for a company

4 Answers  


What is the Difference Between Income Tax and TDS ?

4 Answers  


What is a Post-Through Date in Payment Batches

0 Answers   Accenture,


Various Taxes available in Accounts Payable

0 Answers   Accenture,


what is payment written

0 Answers   Accenture,


i had taken one year gap in completing my graduation bcom should it be considered as backlogs i dont have any kt or anything else i have passed all exam in one trial

0 Answers   Wipro,


which date is effected in books related bank reconciliation transaction date or value date?

4 Answers   Wipro,


Categories