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Accounting Standards: Accounting standard are the policy documents. They will be issued by recognised Accounting bodies. They relate to various aspects of measurement, treatment and disclosure of accounting transactions. The purpose of measurement?
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What is the limitation of accounting?
one of the most limitation of accounting is measurement by historical cost
business accounting?
accounting related to business
How is math related to accounting?
Math is related to accounting because they both pertain to numbers. Accounting deals with money amounts, which is a large part of math.
What are the four broad fields of accounting?
The four broad fields of accounting are:FinancialManagerialTaxationOther/Accounting-related
Why accounting related in computer science?
accounting is related to computer science due higher calculations used in mathmatics.
What unit of measurement is used in management accounting?
profit and loss summary
What is accrual accounting and cash accounting?
Accrual Accounting recognizes business transactions when they are occurred not when the related cash is received or a payment is made. Cash accounting is a completely opposite. In cash accounting transactions are recognized only when the related cash is received or paid.
What is an explanation of roots of accounting theory?
Roots of accounting theory can be found in either decision theory , measurement theory and information theory.
What is individual accounting?
Individual accounting is related to record of any sole trader .
What is money measurement concept in accounting?
Money Measurement Concept in accounting, also known as Measurability Concept, means that only transactions and events that are capable of being measured in monetary terms are recognized in the financial statements.
What do accounting clerks do?
The key task of accounting-related clerks is to maintain financial records.
