Answer / srikanth

accounting concepts are the terms which are commonly used in
accounting and they are defined in accounting standards

whereas the accounting conventions are not defined in the
accounting standards and they are assumed to be followed in
the preparation of final statements of accounts.

Expand-------- CTEI

1 Answers  

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Answered but misspelled pl correct ACCOUNTIN EQUATION =ASSETS-LIABILITIES= (ANS.SRENOWYTIUEQ)

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I know that rate of stock turnover = cost of goods sold/ average of stock. average of stock = (opening stock + closing stock)/ 2 what happens if it is a new business with no opening stock? do u take closing stock/2 or simply just take closing stock as the average stock figure?

1 Answers  

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What is the difference b/w NPV and PBP?

4 Answers   Capital IQ,

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ACCOUNTING STANDARDS ISSUED BY INSTITUE OF CHARTERED ACCOUNTANCY INDIA FOR PREPARING FUND FLOW STATEMENT

0 Answers  

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whatis meant by contigent liability

6 Answers   IQ,

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WHAT IS IFRS?

1 Answers  

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what is difference between acquitision and take over?

1 Answers  

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Expand C C I T

2 Answers  

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what is the sundry creditors for expenses ans with examples

18 Answers  

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If a company is in loss, should it require to pay salary to their employees. If yes, how?

1 Answers  

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what is the fullform of CRR, GDP& WHAT ARE CURRENT5 CRR & GDP

3 Answers   Religare,

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