Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / babhu kanchupalli
As we know that an entity can prepare accounts based on the "Accounting principles (Concepts) and Conventions"
Full Disclosure is one of the conventions of Accounting procedure.....
According to this convention accounts of an entity must be free from the secrecy....always an entity must be willing to publish or provide information related to the accounts to any person....it may be a share holder, Govt or any person who ever is interested to know about the financial position of the particular entity....It includes Notes to the Financial statements also......
| Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
Please help me in this entries Pass accounting entries for the following transaction in the books of XYZ company. A rendered professional service to company XYZ and sent an invoice dated 01/01/2016 for Rs 1,00,000/- + service tax Q1. Pass journal entry for the invoice received considering the service tax and TDS. Q2. Payment was made on 01/02/2016 by cheque. Pass payment entry.
Please give me a suggession to calculate the T.D.S,E.S.I,P.F, From salary which is in gross Rs. 15000/.
Tell me do you think accounting standards are mandatory and why?
Do you possess any knowledge about accounting standards?
How i should sellone the mobile phone when interviewer will ask sell this phone to me?
we are a trading company providing devices and some times after sales service. when any defect came we just replace the hardware from another defective device and getting the payment from the customer. how can we account that? is there any tax implications for this?
Tell me why do you apply for a job of an account executive?
What is the dual aspect concept?
how many view the tally backup erp9 after the tally backup in tally
i want to wearies heads under direct expenses and indirect expenses
What is the entry for closing stock value reduction?
my brother is out of country i have lost his bank passbook when i was going to bank for the entries is their essential to take duplicate pass book can my brother is present for this.
Do you know balancing in accounting?
what is the deference between depreciation explanation
What is the use of form D in sale tax
