Expand GAAP?
Answers were Sorted based on User's Feedback
GENERALLY ACCEPTED ACCOUNTING PRINCIPLES
| Is This Answer Correct ? | 42 Yes | 1 No |
Answer / sushil mohan
GAAP
Generally Accepted Accounting Principles
It includes Accounting Concepts and conventions.
Concepts:
1.Seperate Entity
2.Going Concern
3.Money Measurement
4.cost
5.Dual Aspect
6.Accounting Period
7.Relization
8.Periodic Matching
9.Accrual
Conventions:
1.Conservatism
2.Consistancy
3.Materiality
4.Full Disclosure
| Is This Answer Correct ? | 15 Yes | 1 No |
Answer / n.kanagaraj
generally accepted accounting principle. most of the
companies are following this.
| Is This Answer Correct ? | 4 Yes | 1 No |
Answer / rajesh
generally accepted accounting accounting principles
| Is This Answer Correct ? | 4 Yes | 6 No |
Why it is necessary to use SAP in an industry? & What is the difference from other advance accounts software like Tally ERP 9? What is the importance of using GAAP for best management decission or why GAAP using by Top Management?
what is the usage of Acounting standard?, what is deferred tax?, what is operating Expenses and incomes?, what is the difference between subsidary and holding company? and what is right share and right issue?
sale of old computor Rs 7500/- was credited to sales account Rectify it
What is Suspense A/c.?
EXPAND_________SCB
EXPAND___________NBFCS
What is depriciation, explain this to me
IN PROFIT AND LOSS ACCOUNT WE MAY EITHER GET PROFIT OR LOSS.SO WHY IT IS PROFIT AND LOSS ACCOUNT INSTEAD OF PROFIT OR LOSS ACCOUNT ?
why should i hire you? what are your outside interest? what was your toughest decision you ever have to make?
EXPAND___________MSN
You configured new asset accounting with three depreciation areas that post in real time. You need to do a partial scrapping to an asset in transaction type. How many document does the transaction create ?( any 1 answer) 1 3 4 6
what is accounting standard?