explain accounting concepts

Answer Posted / jolly joeria namusisi

accounting concepts are the rules that govern the accounting
practice and establish the guidelines concerning the
preparation and presentation of financal statments.they
include .entity,going concern,money measurment concept,dual
aspect,realisation concept,materiality,consistency and many
others

Is This Answer Correct ?    1 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

whts is the meaning of over cost and under cost, what is difference ?

11402


Zee Ltd. uses material—A for the production of Product M. The safety stock of material A is 300 units; the supplier quotes a delivery delay of two or three weeks. If the company uses 500 to 800 units a week according to the activity levels, the re–order level of material–A will be A. 2300 units; B. 2400 units; C. 2700 units; D. 28 units.

2568


Should I have perfect credit score, that is, above 800 credit score?

1373


Please define Transaction Type , Movement Type , Asset Transaction Type , Item Type & Document type. Please also give examples of each of them

2185


We are running an educational institution in Karnataka,India. Is there any ceiling stating that if gross salary is upto this then only incentive or bonus can be paid?

1602






I want to know with example of vat & Salestax

1889


Short Answer on _____________Intangible Assets

1608


Short Answer on __________Event

1554


Feature of Master letter of credit of Garments manufacturing company?

1450


what is the nature of bill receivable and consignmenta/c

1991


Expand SCERT

1796


What is meant by Nostro Reconciliation

1644


can u let me know how the bankers calculate interest on O.D.account

1498


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?

1601


Is WCT paid to be considered as overhead during costing in construction firm?

1515