what are concepts and conventions of accounting

Answer Posted / muhammad salman

The process of converting the financial transactions into
financial statements is ruled by principles called
accounting concepts and conventions:
• Business Entity Concept
• Dual Aspect Concept
• Accrual Concept
• Money Measurement Concept
• Matching Concept
• Conservative Convention

Is This Answer Correct ?    16 Yes 2 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

who invented acounts?

1412


what is book profit

1734


EXPAND_________SDJMC

1915


Define Salry for the following purpose 1.To calculate HRA

1747


Anyone whose sbi interview has been over , please share all the question asked by them

1518






when assessing the credit proposal of a prospective borrower if he gets internal rating below the hurdle rate what will you suggest as a banker

1680


HOW TO MAINTAIN BANK A/C

1634


What Kind Of Requirements for Vat Refund And Assessment Cases

1337


What is the Purpose of Preparing Bank Reconciliation Statement?

1611


what is your achievements?

1525


Suresh agreed to adjust Ramesh due amount of Rs 15000- from his credit balance

1455


someone plz plz plzz.. send me the sample papers for SBI clerical xams... i need it very badly..

2055


Short Answer on ___________Finance Bill

1587


what is the difference between f.f.s and c.f.s?

2119


what is the reason for balance sheet not getting tallyed

1725