Customer Service Chat
Get quote & make Payment
Accounting concepts, Accounting Standards
The dual aspect principle has specific relevance to balance sheet. According to this principal, every transaction is concerned as one that has dual effects and thus, it is recorded on debit side and also credit side. Because of this, we ensure the equality of assets to liabilities and owner's equity.
All the figures are described in monetary units irrespective of its nature. In our illustration we had cash, merchandise inventory and shop premises all shown in monetary quantities.
each transaction we reflected was in respect of merely the business entity and as the balance sheet show the financial position of the business entity and not such of the owners.
All the valuations were depends on the assumption of a going relates, and not depends on liquidated value. Since a consequence, the total value of the assets is written off over a period by a mechanism termed as depreciation.
All the assets were depends on historical cost as the origin of valuation.
Posted Date: 4/3/2013 6:33:21 AM | Location : United States
Ask an Expert
Accounting concepts, Assignment Help, Ask Question on Accounting concepts, Get Answer, Expert's Help, Accounting concepts Discussions
Write discussion on Accounting concepts
Your posts are moderated
Write your message here..
Briefly explain the concept of accountability, QUESTION It is generally...
QUESTION It is generally recognised that power is an essential component of accountability and that greater accountability is recognised towards those stakeholders who have mor
Accounting education change commission, Q. Accounting Education Change Comm...
Q. Accounting Education Change Commission? Accountants in practice as well as business executives have generally been dissatisfied with accounting graduates' capability to thin
Financial Reporting, This is a 2,000 words assignment. There is list of 5 q...
This is a 2,000 words assignment. There is list of 5 questions. I would love to get it done in 3 days. Could you please let me know whether you are capable of getting it done. Than
Financial accounting, hi i need help in assignment
hi i need help in assignment
Development of financial accounting standards, Development of financial acc...
Development of financial accounting standards Several organizations are considerable in the establishment of generally accepted accounting principles (GAAP) for businesses or g
Exploration costs, are exploration costs assets to Mining companies?
are exploration costs assets to Mining companies?
Explain accounting structure, Q. Explain accounting structure? The acco...
Q. Explain accounting structure? The accounting structure of a profit seeking business is an information system designed to provide relevant financial information on the resour
Accounting error, the books of deven verma could not be tallied.
the books of deven verma could not be tallied.
Define economic and financial decisions, Q. Define Economic and financial d...
Q. Define Economic and financial decisions? You most likely will find that of all the business knowledge you have acquired or will learn the study of accounting will be the mos
ASC 905 and IAS 41, Review and discuss what the general rules are for agric...
Review and discuss what the general rules are for agricultural produce using US GAAP and IFRS.
Accounting Assignment Help
Economics Assignment Help
Finance Assignment Help
Statistics Assignment Help
Physics Assignment Help
Chemistry Assignment Help
Math Assignment Help
Biology Assignment Help
English Assignment Help
Management Assignment Help
Engineering Assignment Help
Programming Assignment Help
Computer Science Assignment Help
IT Courses and Help
Why Us ?
~24x7 hrs Support
~Quality of Work
~Time on Delivery
~Privacy of Work
Human Resource Management
Literature Review Writing Help
Follow Us |
T & C
Copyright by ExpertsMind IT Educational Pvt. Ltd.