Answer Posted / chandana

Accounting concepts are the basic rules which are generally
fallowed by every company. The basic accounting concepts
which are fallowed generally are:
1.Business Entity Concept
2.Going Concern Concept
3.Dual Aspect Concept
4.Accural concept.
5.Money Measurement concept
6.Realisation Conept
7.Accounting period concept
8.Matching concept
9. Cost Concept.
Accural Concepts defines that the income and expenses must
be recorded Financial statements as soon as they are
incurred.

how to pass journal entry or where to show forein transaction reserv in Bal sheet. pls explain basic

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what is purchase consideration?

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differed tax liability

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I AM APPLY FOR CLERICAL CADRE IN SBI. SO ANYONE SEND ME QUESTION WITH ANSWERS, WHICH ARE RELATED TO THAT JOB. MY EMAIL ID IS shawetasingh24@gmail.com

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what about case study

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what is forecast

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Expand BFSI

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what is composition vat

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Short Answer on ________Accounts Payables

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Mr. X buys an asset of Rs. 1000/- in cash and with it get an free gold coin what is the general entry for this?

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What is account

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Why in a cash book receipts are debited while the same if received in our books recepits are credited. Why does cash book have a rule to debit receipts and credit payments. For example if am paying the cash that i owe the company or firm i debit in my books(cash) on the debit side and should credit in the cash book but i cant do that cash book take receipts on the debit side as per the general . please clarify many thanx in advance

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hii,i was appeared in recruitment process of Catholic Syrian Bank.Interview question were general banking related... as what is crr,calling rate, current inflationrate etc

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At Present Situation in sensex market is low, It converts the whole human being life into the depth. When and how it will change? Is it possible?

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I have a existing Oracle applicttions and need to bring one of the new business on it. The new business will use GL, AP and FA. We will use existing COA. This business will have 3 sets of books (1- tax book, from April to March; 2- Primary book, from July to June; 3- Reporting book, from July to June); All books will have same currency; HOW DO I TRANSFER DATA FROM PRIMARY BOOK INTO TAX AND REPORTING BOOKS EVERY MONTH OR ON WEEKLY? IS THERE ANY STANDARD ORACLE PROCESS WHICH CAN BE SCHEDULED? THE REPORTING BOOK WILL HAVE DIFFERENT DEPRECIATION METHOD SO HOW DO I NOT TRANSFER DEPRECIATION FROM PRIMARY TO REPORTING BOOK AND DO SEPERATE DEPRECIATION IN REPORTING BOOK FOR THE SAME ASSET THAT IS ALSO IN PRIMARY AND TAX BOOK?. HOW DO I APPROACH ON SETTING THESE NEW SETS OF BOOKS? Thanks, KK

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