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What are Accounting Concept?
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Answer Posted / s shrestha
The following concept are the accepted accounting concept.
1-Entity concept
2-Money measurement concept
3-Going concern concept
4-Cost concept
5-Realization concept
6-Accrual concept
7-periodicity concept
8-Matching concept
9-Dual aspect concept
10-Consistency concept
11-Conservatism concept
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what is audit mean? what is vouching? how to finalize the account? what is the meaning of + cast < as per last year auditor’s a/c ^ as per ledger JV journal voucher PV payment voucher AJV authorised journal voucher APV authorised journal voucher RV receiving voucher PCV petty cash voucher CPV cash payment voucher DN debit note DO delivery order PO purchases order CN credit note PS policy schedule RPS renewal policy schedule B bill Cx cross check nCx cannot cross check CB cash bill L list/letter SRF stock requisition form R report OR office report INV invoice DS deposit slip AB assessment bill Re receipt ECF entertainment claim form ATRF air ticket requisition form
