what are concepts and conventions of accounting
- 25 Answers
- 124414 Views
- CDLE, Infosys, Netco, TCS, I also Faced
- E-Mail Answers
Answer Posted / husna
The process of converting the financial transactions into
financial statements is ruled by principles called
accounting concepts and conventions:
• Business Entity Concept
• Dual Aspect Concept
• Accrual Concept
• Money Measurement Concept
• Matching Concept
• Conservative Convention
| Is This Answer Correct ? | 142 Yes | 42 No |
Post New Answer View All Answers
What is a bad credit score?
what do you mean by financial analysis and technical analysis ?
I want to know with example of vat & Salestax
hi.this krishan .i m slect in axis bank for executive. when i sposse to join
how to do the finalise of account? what is the step? why we need to do like that?
why should we are preparing BRS
are there any sub-types of the 4 main types of bank accounts ?.........if yes what are they?
1.What are the basic accounting Standards ?? 2.What is the main importance of Bank Reconcilation Statement? 3. What is Form 407 in Vat ??
How to calculate closing stock? I have opening stock of 72 lacs (average costing without tax) and purchase of 49 lacs (with tax) and sales of 101 lacs (without tax). What is my closing stock then???? Should i add tax in sales? Where all should tax be included and where all should tax NOT be included? Right now i calculated => 72(no tax)+49(with tax)-101(no tax) = 20 lacs. IS this correct?
What is accounts payable?
If a bank lends money to FFMC's for working capital requirement, whether the Bank can have charge on the currencies FFMC deal/exchange, by way of hypothecation or is it just a clean loan.
What is mamimum rate of CST applicable on Plastic Doors in NOIDA?
what is monetary polasy and how it is different from trade polacy? how it will impact on stockmarkets in India?
I KNOW THAT INSURANCE CHARGES ON PURCHASE OF VEHILE (LIGHT/HEAVY VEHICLES)HAS BEEN CAPITALISED OR NOT.?
About Funding Working Capital to a Company? A company Turn over is 12 Cr, but in the bank statement credits per month is more that 3 Cr? how this could happen? awaiting your views?
