Explain accounting concepts
Give a brief introduction of the term ‘accounting concepts’?
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Accounting concepts are those basis suppositions upon which essential procedure of accounting is depending.
The basic accounting concepts are illustrated below:
i) Business Entity Concept ii) Dual Aspect Concept iii) Going Concern Concept iv) Accounting Period v) Concept Cost Concept vi) Money Measurement Concept vii) Matching Concept
Give a brief introduction of the term ‘Dual Aspect Concept’?
In managing the labor cost what role does time keeping department play?
What does reconciliation of time booked and time attended tell us?
Give a brief introduction of the term ‘Convention of Conservation’?
Need help with the attached accounting project
Briefly explain the ethical decision you had to make?
In what condition credit rating is mandatory?
Define the term reconciliation statement and investment banking?
What do you understand by the term ‘Efficient market hypothesis’?
Write down the different streams of accounting?
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