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Differentiate between accounting and accounting convention?

Accounting means the systematic recording,reporting and analysis of financial transactions of a business.While accounting convention means legally-binding practice; rather, it is a generally-accepted convention based on customs, and is designed to help accountants overcome practical problems that arise out of the preparation of financial statements.


What are the problems of management accounting?

The problems associated with management accounting vary greatly, but the more commonly known problems within it would be the cost involved, the constrains or strict guidelines involved, and the inaccuracy that results from it.


What are the problems of language policy implementation?

There is no policy on language policy implementation.


How did the Founding Fathers solve the problems at the convention?

The Founding Fathers used debate and compromise to solve problems at the Constitutional Convention. The convention was held in 1787.


What problems arise in setting accounting standards?

explain accounting policy involves politics?


Advantages of inflation accounting?

An advantage of inflation accounting, is that it can correct problems with inflation. The negative part about inflation accounting is that it is not fair value accounting.


What has the author W Rogers Hammond written?

W. Rogers Hammond has written: 'Accounting machines' -- subject(s): Calculators 'How to solve accounting problems' -- subject(s): Accounting, Problems, exercises


What problems are associated with modern transport?

the problems associated witn modern trasport are problems.....over..!


Problems associated with teaching of economics?

What are the problems associated with teaching of economics in schools


What are problems in accounting?

Most of the people do not know the rules of Debit and Credit. That is the main problem in accounting.


What has the author Charles Forest Rittenhouse written?

Charles Forest Rittenhouse has written: 'New modern illustrative bookkeeping' -- subject(s): Bookkeeping 'Accounting theory and practice' -- subject(s): Accounting 'Advanced accounting problems' -- subject(s): Accounting, Problems, exercises


Problems associated with subject content development?

Problems associated with developing subject content