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Major aspect of accounting in any business organization is financial accounting and inventory accounting. While the financial accounting deals with the monetary aspects the inventory accounting deals with the quantitative aspects of the goods and services of the business organization. Important financial accounting aspects are payment voucher, journal voucher, cashbook, general ledger, bank reconciliation and trial balance. Important inventory accounting aspects are opening balance, purchases, sales and closing balance.
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What are the basic accounting concept and their implication?
basic concepts of accounting
What are the fundamental concept of accounting?
basic principle of accounting
What are accounting conversion and concept?
accounting concept are the basic knowledge of accounting on which basis monetry transation are made in accounting book.
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.
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
Explain the basic features of accounting principles also describe its concept?
feature of accounting princeple
What are the concepts of accounting?
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
What is the importance of accounting concept and convention to an organisation?
accounting is a very basic function of buisness .it show a financal position of buisness without accounting no buisness con run properly.
What is the importance of mathematics in accounting?
Accounting use mathematics in order to interpret facts and figure. This requires some basic and intermediate knowledge of mathematic concept and theories.
Concept of social responsibility accounting?
concept of responsibility accounting
What are three basic activities of accounting?
What are the Basic Activities of accounting?
What are the 13 basic features of financial accounting?
13 basic features of financial accounting?
