Answer Posted / shraddha

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.

what will be the entry for inventory

2036

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Cello pen gross value is 935.89 for 12 nos 14.5% tax

1932

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How to post advance paid to a supplier in oracle jd edwards

1692

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The Tabula Manufacturing Company has been in business for one month. At the end of month the company had the following accounts: Materials used K 5 000.00 Direct labour 10 000.00 Indirect labour 3 000.00 Indirect materials 2 000.00 Labour fringe benefits 1 000.00 Supervisor’s salary 1 000.00 Depreciation Machinery 2 000.00 Miscellaneous factory overhead 1 000.00 Heat and light 500.00 Insurance on plant 1 500.00 The company processed two jobs during the month with costs as follows: Job 101 Job 102 Materials cost K3 000.00 K2 000.00 Direct labour cost K6 000.00 K4 000.00 Direct labour hours 4 000.00 3 000.00 Machine hours 2 000.00 1 000.00 The company does not use a predetermined rate for factory overhead. The rate is computed at the end of each month. Required Use both the direct labour hours and machine hours to compute: 1) The overhead rates for the month (5 pts) 2) The overhead cost for each job (5pts) 3) The total cost for each job (10 pts) 4) Briefly describe the difference between Job order and process costing, citing relevant examples (5 pts).

2101

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What is Provision Entry

1612

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Tell me what is project implementation?

988

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GRIR is the clearing account so it the balance will be zero, so how it will impact with balance sheet and why we require to reconcile that account ?

1507

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Assigning natural account to accounting seg. What will happen

2032

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Can share warrants issued by the company be considered as potential equity shares? If yes, then will it be considered for calculating dilutive EPS?

1844

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What is Time capital

2121

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What is the logic behind this entry P & L Appropriation A/c ..........Dr. To Provision for income tax A/c

2296

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How familiar are you with crm?

1114

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When Tds is applicable to deduct and wht is rate for different work panel?

1948

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How you can adjust entries into account?

1167

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Explain the types of ledger?

4042

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