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define accounting briefly explain the accounting concepts which guide the accountant at the recording
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hi there i was just wondering i3939m not to sure how to describe my assignment the subject is accounting for university level and it is 100 level
1 from the following information prepare a balance sheet showing the workings 1 working capital 75000 2 reserves and surplus
ledger is said to be the principal book entry and the transactions can even be directly entered into the ledger account elaborate on the statement
having trouble with word problem planned acquisition cost 21m salvage value 0 16 discount
accounting concepts are used in relation to accounting procedures for a specific business enterprise some of these aregoing
in november 2012 us based information technology hewlett packard recorded a write-down of around 88 billion related to its 113 billion acquisition of
abc insurance company offers individual auto and home insurance servicing the east coast the company3939s home office is located in albany new york
transactions can be even directly entered to the ledger elaborate and explain why journal is
which of the following transactions does not involve an exchange of value apayment of a debt bpurchase of a building on
1 the closing stock of prince corporation has been reduced by 8000 from its opening amount of 22000 2 no dividend has been paid or
ledger is said to be the principal book entry and the transactions can even be directly entered into the ledger account elaborate and explain
the information contained in published financial statements is of specific importance to external users as shareholders and investors without any
the fundamental concepts discussed in the previous paragraphs are the core components in the theory of accounting such concepts as postulates or
some the other concepts as for example the matching concept the dual aspect concept and the realization concept are discussed in further sections and
though the results of the operations of an exact enterprise can be termed as precisely only after the business has ceased to control its assets have
consistency conceptin practice there are some manners to record an event or a transaction in the books of account for illustration the trade discount
materiality conceptthere are several events in business that are trivial or insignificant in nature the cost of reporting and recording such events
concept of conservatismthe concept of conservatism also termed as the concept of prudence is frequently stated as anticipate no profit give for all
accrual conceptthe accrual concept makes a distinction among the receipt of cash and the right to obtain it and the payment of cash and the legal
the resources as machinery property buildings and land rights etc such a business owns are termed as assets the money values allocated to assets are
accounting supposes that the business as an accounting entity will continue to operate for a long time in the future unless there is superior