basic concepts of accounting
To determine which groups can reallocate transactions to which accounting code segments
A.asset B.liability C.capital
what is marketing? and what is basic factions?
Dual Aspect concept: This state that there are two aspects of accounting, one represented by the assets of the business and the other by the claims against them. The concept states that these two aspect are always equal to each other. In other words, this is the alternate form of the accounting equation: Assets=Liabilities+Capital Dual aspect concept is known as "Double Entry Book Keeping System".
The dollar is assumed to be a finite entity.
basic principle of accounting
accounting concept are the basic knowledge of accounting on which basis monetry transation are made in accounting book.
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.
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
feature of accounting princeple
where are 7 Accounting concept in the books of CIE which are done for methods e.g deprecation=prudence if the company will complete forward=going concern etc.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...Accounting concept are customs and tradition which are used as a guide for preparation of financial statements
accounting is a very basic function of buisness .it show a financal position of buisness without accounting no buisness con run properly.
concept of responsibility accounting
Accounting use mathematics in order to interpret facts and figure. This requires some basic and intermediate knowledge of mathematic concept and theories.
What are the Basic Activities of accounting?
13 basic features of financial accounting?
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