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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.
Concept of social responsibility accounting?
concept of responsibility 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 is difference between accounting income and cash flow?
accounting income is the financial figure that we get after deduction of all business expenses from sales.while making these deductions we follow some accounting assumptions.e.g matching concept, going concern assumption, materiality concept, etc. cash flow is the mechanism by which we see net cash generated or absorbed in business from different activities.
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 difference between accounting concept and accounting principles and convention?
Accounting concepts are essentially theories. Accounting principles are measures and processes that have proven to be successful when used. Conventions are beliefs within the discipline that help make things efficient.
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.
Difference between Accounting Concepts and Conventions?
Concepts tend to be written in the accounting standards whereas conventions are not and are assumed. Examples of concepts would be: Accruals concept, Prudence concept. Examples of conventions would be: double entry, accounting equation (assets - liabilities = capital)
What is the difference between the concept of Arhat and the Mahayana concept of the Boddhisatva?
The difference in the concept of Arhat and the Mahayana concept of the Boddhisatva is the difference in the set of obscurations.
Concept of social responsibility accounting?
concept of responsibility 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 is difference between accounting income and cash flow?
accounting income is the financial figure that we get after deduction of all business expenses from sales.while making these deductions we follow some accounting assumptions.e.g matching concept, going concern assumption, materiality concept, etc. cash flow is the mechanism by which we see net cash generated or absorbed in business from different activities.
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 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 are the fundamental concept of accounting?
basic principle of accounting
What is the use of differential cost in managerial accounting?
Differential cost is the difference between the cost of two alternative decisions, or of a change in output levels. The concept is used to reach decisions about which alternatives to pursue, and which to drop.
What are the basic accounting concept and their implication?
basic concepts of accounting
