what is accounting concept? explian in brief?

Answer Posted / keerthi

ACCOUNTING CONCEPTS:
* BUSINESS ENTITY CONCEPT
* DUAL ASPECT CONCEPT
* ACCOUNTING PERIOD CONCEPT
* REVENUE MATCH CONCEPT
* GOING CONCERN CONCEPT
* COST CONCEPT
* MONEY MEASUREMENT CONCEPT
* REALIZATION CONCEPT
* RUPEE VALUE CONCEPT

Is This Answer Correct ?    1 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

HP EMPLOYYES - If any one in HP company, Please give refernce for attend the Accounting Job in chennai,Bpo- chetpet.If any one Worked there Please,Send mail to me Umaiyo@gmail.com.I have 1 year exp in banking sector, & 8 months exp in accounting in SIEMENS, at present I'm searching for a job.If any person see this mail,Kindly send mail to me. Thank U Friend.

1639


in terms of accounting the trial balance when is it taken?

622


Equipment A has a cost of Rs.75,000 and net cash flow of Rs.20000 per year for six years. A substitute equipment B would cost Rs.50,000 and generate net cash flow of Rs.14,000 per year for six years. The required rate of return of both equipments is 11 per cent. Calculate the IRR and NPV for the equipments. Which equipment should be accepted and why?

3165


what is the difference b/w carpet area,covered area and build- up area and how it is calculated.......

1712


what is the amount withdrawlfrom other cbs branch by multicity chequ book.

1423






Tell me what is the general classification of accounts that usually ledger account involve?

630


Why did you select accounting as your profession?

604


a.what products does your firm produce? b.what costs are asssigned to the product produced? c.for particular product,what direct materials are used? d.what percentage of total manufactoring costs is direct labor? direct materials?overhead? e.how is overhead assigned to the products? f.do you now use or plane to use an activity_based management system?why or why not?

1945


What is bond ? What is capital market?

1594


When we are doing the reconciliation process in cash management please tell me what are the different status will happen and when will it happen. Please help me out.

1498


What is rate & taxes in Accounting. when we make a journal entry like rate & taxes debit & party credit. So i want to guide me consider for rate & Taxes.

1206


purchase plant and machinery

1109


As you know any other accounting application?

616


swagat staryed business on 1st jan 2005 with cash on hand Rs. 10000

1437


give me examples of the accounting reports you have prepared

731