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Generally accounting information systems are a computer-based system of tracking financial activity in a company, and presenting that transactions in a organized financial statement. Currently, accounting software can be purchased off the shelf, which is much cheaper than when it had to developed by the company.
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Explain the basic features of accounting principles also describe its concept?
feature of accounting princeple
What concept is the most basic concept to accounting?
idea is more basic to accounting than the accounting unit or entity, a term used to identify the organization for which the accounting service is to be provided and whose accounting or other information is to be analyzed, accumulated, and reported.
Explain the concept of social responsibility accounting?
social responsibility accounting is concern with modern approach of accounting which include to make accounting information useful to the society
Under the Privacy Act and HIPAA the individual has a right to a record of when the individuals information was disclosed to whom and for what purpose What is this concept called?
This concept is known as accounting of disclosures.
What is an accounting assumption?
The preparation of accounting information is based on certain fundamental principles which are named as accounting assumptions. These are, like any other assumptions, things that accountant assumes before he prepares accounting information. For example: every asset that an organization has is depreciated for future, because accounting supposes that it is going to be used in the future. In most cases, it will be but in some cases it won't, but as an accountant you must always assume or suppose that it will. There are various other assumptions, or principles that accounts make believe while preparing accounting information. Some of them, which I know of, are: * Business Entity Concept * Going Concern concept * Historical Cost concept * Accounting Period Concept * Materiality concept * Full Disclosure concept All these concepts are known as accounting assumptions, there may be few more which I am , at this moment, oblivious to. Manish Regmi
Which accounting principle requires keeping personal information separate from the financial information of business?
Entity Concept
Concept of social responsibility accounting?
concept of responsibility accounting
What is concept of individual having right to a record of when the individual's information was disclosed?
Accounting of Disclosures
What are accounting conversion and concept?
accounting concept are the basic knowledge of accounting on which basis monetry transation are made in accounting book.
Recording and reporting a business's financial information separately from the owners financial information is an application of the accounting concept?
Business Entity
What Basic 8 concepts of financial accounting?
There are eight accounting concepts: Business entity concept, cost concept, going concern concept, matching concept, objectivity concept, unit of measure concept, adequate disclosure concept, and accounting period concept
What is the general concept of the query tell you briefly?
i thnk query means to retrieve the information shortly from the whole backup you have.
