Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

what are concepts and conventions of accounting

Answer Posted / vitus chisom jesofa

concept are to be written in accounting standard
conventions are not, they are assumed
examples of concepts are dual concept, going concept,
business entity e.t.c.
examples of convantions are double entry, accounting
equations (asset-liability = liability)

Is This Answer Correct ?    3 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What is functional area,trading partner in sap fico

2135


We have two mandatory qualifiers nature of accounts and balancing segment, which will balance the debit and credit and recognize the nature of accounts, my question is what other qualifiers do. Like management. Thank you.

2126


What are the accounting conventions and Practices?

2208


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

2118


drawings by making a DD from bank ( suppose payable towards UIT ) and on cancellation on such DD what journal entry needs to be passed ?

1480


Entrance Exam question & Answer required

1972


why should the company give first perference to the perference shareholders?

2511


Being BE student why you want to join bank?

2406


Which Exchange determine Foreign ?

2048


selling price = shs. 200, variable overhead-selling per unit= shs 80, variable production cost per unit = shs 60, fixed selling cost = 2,840,000. the production capacity of the project is 200,000 units. required P/V ratio, BEP and margin of safety

2023


What is the difference between payable and accrual

1955


what is similarites between tata motors and airtel

2746


WHAT ARE EQUITY SECURITIES?

2123


what is cnc machine hour rate? how it is calculated?

5103


what is balance sheet, capital budgeting, financial statements, current ratio, profit maximization?

2328