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
matt schmidt company''s ledger shows the amount of

Q. Explain about Sales account? In theory sellers could record both sales allowances and sales returns as debits to the Sales account for the reason that they cancel part of th

Q. What is Merchandise inventory? Merchandise inventory is the cost of goods on hand in addition to available for sale at any given time. To determine the cost of goods sold in

Assume we had given tour advance to party how to treat entry and which head have to given expenditure? Ans) Cash/Bank a/c DR To Party(name)a/c (Advance Paid For Tour)

During the fiscal period just ended some of the inventory in the warehouse of Jamie Ltd. wasn't counted. Jamie Ltd. uses a periodic inventory control system. Explain how the foll

Q. Income statements - Service and merchandising company? We evaluate the main divisions of an income statement for a service company with those for a merchandising company. To

Recording Private Company Credit Card Sales Goes to the individual company-not a bank. Treated as a sale on account. Credit card Company is responsible for collection of

While perusing medical practice, is the cost of supplies, for patients on site, considered as an inventory, or an incidental cost? With 2 million in sales the chemotherapy medicine

Received and paid the telephone bill for $231 including GST

You just took out a variable-rate mortgage on your new home. The mortgage value is $100,000, the term is 30 years, and initially the interest rate is 8%. The interest rate is fixed