Question { FactSet Systems, 17753 }

EPS

Answer

Earning per share

Question { Siemens, 18632 }

What do you mean by contingent liability?

Answer

Contingent liability is libility which may or may not occur
in future

Question { 14455 }

What are the golden principles of accounting? Give an
example for each.

Answer

Personal : Debit the recevier
Credit the giver
Eg. Ram's A/C

Real : Debit what comes in
Credit what goes out
Eg. Cash A/C

Nominal : Debit the exps. and losses
Credit the income and gains
Eg. Discount A/C

Question { Capital IQ, 19725 }

what is accounting concept? explian in brief?

Answer

Accounting concepts are
1 Going concern concept
2 money measurement concept
3 Dual aspect concept
4 Business entity concept
5 matching concept
6 Accounting period concept
7 Realization concept
8 Materiality concept
9 accrual concept
10 cost concept these are the all accounting concepts
All these cocepts are used in accounts functioning

for reducing problems or mistakes in accounting these
concepts are made

Such as dual aspect concept means double entry has
transferred

Entity concept means transaction are transferred to
enterpeneurs A/C etc.

Question { 21469 }

deduct deperection from land
true or false

Answer

No Land is not depreciable asset.

Question { ABC, 11815 }

How many ways can i increase paid up capital?

Can i use retained earnings and change into paid up
capital? If yes, what are the entries in the books?

Answer

We can issue shares

and for issuing shares we have to make next call

Share call A/C
To share cap A/C