What are Accounting Concept?
Answer Posted / shilpa
Accounting Concept are customs & tradtions which are used
as a guide for preparation of financial statements.
Following are the types of Accounting Concepts
1)Money Measurement Concept
2)Legal Aspect Concept
3)Matching Concept
4)Accrual Concept
5)Dual Aspect concept
6)Cost Concept
7)Financial period Concept
8)Business Entity Concept
9)Revenue Concept
10)Realisation Concept
Is This Answer Correct ? | 113 Yes | 12 No |
Post New Answer View All Answers
Accounting related interview questions on ibm
how can make configration related with electronic bank statment and how can i upload bank statment to system
I have a existing Oracle applicttions and need to bring one of the new business on it. The new business will use GL, AP and FA. We will use existing COA. This business will have 3 sets of books (1- tax book, from April to March; 2- Primary book, from July to June; 3- Reporting book, from July to June); All books will have same currency; HOW DO I TRANSFER DATA FROM PRIMARY BOOK INTO TAX AND REPORTING BOOKS EVERY MONTH OR ON WEEKLY? IS THERE ANY STANDARD ORACLE PROCESS WHICH CAN BE SCHEDULED? THE REPORTING BOOK WILL HAVE DIFFERENT DEPRECIATION METHOD SO HOW DO I NOT TRANSFER DEPRECIATION FROM PRIMARY TO REPORTING BOOK AND DO SEPERATE DEPRECIATION IN REPORTING BOOK FOR THE SAME ASSET THAT IS ALSO IN PRIMARY AND TAX BOOK?. HOW DO I APPROACH ON SETTING THESE NEW SETS OF BOOKS? Thanks, KK
What is the due date for filing monthly & annual sales tax returns in karanataka
Name the Accounting Concepts
I am going to attend an interview for the post of jr. Accounts Officer in airport authority of india,pls help me to prepare for the interview??
HOW TO MAINTAIN BANK A/C
What is dematerialisation and its benefits?
What is payment/receipt/period accruals?
What are write off entries to be passed say if im having payable of Rs. 400 standing in the balance sheet and I want to write it off...
We have a registered dealer under APVAT Act. Our company is manufacturing & marketing of seeds. seeds exempted under vat. recently we have purchased machinery for our new plant construction, against c form. now sales tax dept.not giving the c forms, because our final product is exempted, we are not eligible for c forms. kindly clarify.
how many types of practice accounts?
what is mixed invoice, prepaid invoice,quick invoice,podefault invoice,withholding tax invoice,please explain me in detail?
Do v call director in the partnership firm?
Who to create a budget on software company