Interested to Buy Any Domain ? << Click Here >> for more details...
what is the different between going concern and accruals
concept
- 1 Answers
- 11982 Views
- I also Faced
- E-Mail Answers
Answer Posted / sricharan babu m
I think both are different terminolagies,
Going Concern means; the compny will not go for liquidation
with in one year. the company financial position is good.
Accrual concept; it ralates to which type of accounting
method we are following,whether accrual or Cash basis. In
accrual concept company has to account all transactions
which are due or accrued in the current period.
| Is This Answer Correct ? | 6 Yes | 7 No |
Post New Answer View All Answers
Placed an order with Mani for supply of goods worth Rs.5000/-. state whether the the following transcation is business transcation or non business transcation? with reson or explaination?
it is better to invest in which securities short term/long term or both? please reason4 the same
plz send me the accounting questions and answers of bank of america.
hi this is sharath,from hassan ,karnataka.,., i am caled for t interv on 28th may 2009, 12 noon, at foll location.,. STATE BANK OF MYSORE STAFF TRAINING CENTRE 104/105 7TH MAIN ROAD JAYALAKSHMIPURAM MYSORE-570012. anybody who is also attendin the same interview please reply me .,.,. i am in my final yr BE EnC,MCE hassan, i wold like to know more about the interview .,., please do reply.,.,. yours friendly, sharath kumar, sharath.syss@gmail.com
Is depreciation a expense or income?
cost accounting process
i want to sit for the written examination held by govt. sector like coal india, ongc for the post of accountant .. qualification ca inter.. plz any1 of u let me know on wht subjects the questions are asked and wht types of questions are asked... plz let me know.. plz
In OD Account How Many Interest Paid or Not? and second CC Account How Many Interest Paid or Not?
how to download online - old ECR CHALLANS
what is Derivative Documentation,Derivative Settlements,Derivative confirmation?
What is the value of inventory as per Financial Accounts (AS2) and as per Cost accounts? Someone told me that as per cost accounts only works costs is considered in CARR while for FA, AS2 is followed with cost or NRV whichever is lowewr? Please explain the difference.
objective of accounting
Apportion Nett profit of rs 325600 among the partners A,B,C and D as per sharing ratios of 26%,13%,32% and the balance to D.Pass journal entry
What is combination?
AT THE TIME OF REDEMPTION OF DEBENTURES. WHEN THERE IS PROFIT/LOSS ON SALE OF DEBENTURES WE TRANSFER THAT AMOUNT IN PROFIT AND LOSS A/C BUT WHEN WE CANCEL OUR DEBENTURES AFTER BUYING IT FROM OPEN MARKET THE DIFFERENCE BETWEEN MARKET VALUE AND COST OF DEBENTURES TRANSFER TO "CAPITAL RESERVE ACCOUNT .. WHY SO ANY PRACTICAL ANSWER ??
