Accounting entity assumption and matching principle, Accounting Basics

1. For each of the following accounting assumptions/principles, explain a business transaction:
 
(a) Accounting Entity Assumption
(b) Going Concern Assumption
(c) Matching Principle

Posted Date: 3/13/2013 5:16:41 AM | Location : United States







Related Discussions:- Accounting entity assumption and matching principle, Assignment Help, Ask Question on Accounting entity assumption and matching principle, Get Answer, Expert's Help, Accounting entity assumption and matching principle Discussions

Write discussion on Accounting entity assumption and matching principle
Your posts are moderated
Related Questions
You recently landed your dream job working for the state as an accountant. You are given the task to research several state and local governmental financial accounting issues. F

Difference between Debit and  Credit Debit- used to record employer's FICA taxes, state unemployment taxes and federal unemployment taxes incurred during an accounting period

Do you enjoy college life? Do you enjoy teaching others? If therefore you might want to consider a career as a college professor. Even though a position as a college professor may

ledger is said to be the principal book entry and the transactions can even be directly entered into the ledger account. Elaborate and explain why journal is necessary?

Q. Inventories and revenue recognition? Management make a decision which inventory costing method or methods (LIFO, FIFO, and so on.) to use. As well, management should determi


Compute each of the following amounts Company reported current assets of $80,000, non-current assets of $350,000, current liabilites of $32,000 and long term liabilities of $120,00

Q. Illustrate a sales cycle of company? When exploratory a company's management, sales cycle and users of financial data must be aware of any seasonal changes that may affect i

data dictionary

During the week ended May 15, 2013, Scott Fairchild worked 40 hours. His regular hourly rate is $31. Assume that his earnings are subject to social security tax at a rate of 6.20 p