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explain accounting concepts
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Answer / syed wasim
Accounting concepts are separaate entity, going concern,
money measurement, cost, dual aspect concept and accounting
period, periodic matching of costs and revenue concept and
realization of expenditure.
| Is This Answer Correct ? | 30 Yes | 2 No |
Answer / praveen kumar
business entity concept
money measurement concept
dual entity concept
cost concept
| Is This Answer Correct ? | 10 Yes | 1 No |
Answer / b.swapna kothagudem
business entity concept,money measurement concept,cost
concept,going concern concept,realisation concept,dual
aspect concept
| Is This Answer Correct ? | 14 Yes | 6 No |
Answer / venkat raju
Money measurement concept , Going concern concept, Duel
ascept concept,Business entity concept ,cost concept ,
| Is This Answer Correct ? | 11 Yes | 3 No |
Answer / praveen bangad
Accounting concepts are
- Going Concern
- Accrual Basis
- Consistency.
| Is This Answer Correct ? | 14 Yes | 7 No |
Answer / shibi varghese
accounting concepts are basically rules , which set
down how the financial activites of a business are
recorded.
The main accounting concepts are business entity concept ,
going concern concept , duality , money measurement
concept , conservatism, realisationand matching concept .
| Is This Answer Correct ? | 5 Yes | 0 No |
Answer / saheed.k
To keep all transaction and creat all ledgers and make
lot of reports like trading profit vand loss account ,
balanse sheet , bank reconciliation etc...
| Is This Answer Correct ? | 15 Yes | 11 No |
Answer / g.vijaya kumar
business entity concept
money measurement concept
dual entity concept
cost concept
| Is This Answer Correct ? | 6 Yes | 2 No |
Answer / haritha
ACCOUNTING CONCEPTS MAY BE CONSIDERED AS POSTULATED i.e.,
basic assumptions or conditionss upon which the scienct of
accounting is based.There is no authoritative list of
theses concepts but most of the follwing concepts have
fairly general support. there are:- business entity, money
measurement , going concer, cost concept, dual Aspect,
Accounting period, matching, realisation, onjective
evidence, Accrual
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / jolly joeria namusisi
accounting concepts are the rules that govern the accounting
practice and establish the guidelines concerning the
preparation and presentation of financal statments.they
include .entity,going concern,money measurment concept,dual
aspect,realisation concept,materiality,consistency and many
others
| Is This Answer Correct ? | 1 Yes | 1 No |
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