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what is the difference between manual accounting and tally accounting?
Difference between social accounting and social audit?
The accounting concept that stipulates accounting profit as the difference between revenue and expenses is the matching principle. This principle requires that expenses be matched with the revenues they help generate within the same accounting period, ensuring that financial statements accurately reflect the company's performance. Thus, accounting profit is calculated by subtracting total expenses from total revenues, providing a clear picture of profitability.
The difference between profit making accounting and not for profit making accounting is, that question should answer itself! 8^0
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The difference between accounting and auditing?"
what is the difference between manual accounting and tally accounting?
the difference between accounting nations and accounting commerce
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)
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.
Difference between social accounting and social audit?
The accounting concept that stipulates accounting profit as the difference between revenue and expenses is the matching principle. This principle requires that expenses be matched with the revenues they help generate within the same accounting period, ensuring that financial statements accurately reflect the company's performance. Thus, accounting profit is calculated by subtracting total expenses from total revenues, providing a clear picture of profitability.
The difference between profit making accounting and not for profit making accounting is, that question should answer itself! 8^0
difference between revenue and costs
A proof uses postulates and theorems to prove some statement.
Financial accounting is used to present the performance and financial statements to third parties while management accounting is used for company's internal working purpose.