Answer Posted / muhammed l hydara

In preparing accounts and financial statements, accountants
follow certain fundamental assumptions, rules, principles or
conventions. These rules or principles are more commonly
known as accounting concepts. and they include the following:

1. business entity concept
2. money measurement concept
3. prudence concept
4. accrual concept
5. matching concept
7. realization concept
8. consistency concept
10.Business Entity Concept
11.periodicity concept
12.materiality concept
13.Dual aspect concept
14.separate legal entity concept
15.historical cost convention
16.substance over form

while passing a journal entry we rite dr. for the a/c to be debited but why don't we write cr. for the a/c which is credited and instead write 'TO'??

2168

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What are Corporate Action?

2809

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Give me total Details of payroll calculation, payslip with examples.

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How can a company reduce profit

2066

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• What are the types of cash flows?

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How do you avoid loss situation

2021

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How can retify the errors in the trial balance

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How do we return the loan in equal installments with interest in tally

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what is the subprime?explain it.

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You use the accounts approach for parallel valuation in a new G/L system. If you used the ledger approach instead. Which objects would be different? ( any 3 answer) Chart of accounts Financial statement version Depreciation areas Asset classes Leading ledger

3490

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please send me last 3 years question & solution

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bank exam paper

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how to entry in tally for other person check received

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Short answer on Allowances

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it is better to invest in which securities short term/long term or both? please reason4 the same

2068

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