Accounting principle, Accounting Standards

Assignment Help:

A company values its loose tools for inclusion in its balance sheet. The tools are not extremely valuable and the company uses estimating while valuing them.

Which type of accounting principle is being applied?

A  accruals
B  consistency
C  going concern
D  materiality


Related Discussions:- Accounting principle

Accounting Theory And Practice, Explain the procedure followed in governmen...

Explain the procedure followed in government system of accounting in india

Difference between trading and profit and loss account, 1. Trading account ...

1. Trading account is prepared so as to calculate gross profit or loss, whereas the function of the profit and loss account is to disclose net profit or loss. 2. Trading account

Goodwill., Dear Sir, I am an accountant working in a company with limited ...

Dear Sir, I am an accountant working in a company with limited liability (WLL), one of the partners (A) will withdraw from our company. One of the existing partner (B) of the comp

Ratio measures a business'' average payment period, Which ratio measures a ...

Which ratio measures a business' average payment period? A.  current ratio   B.  liquid ratio C.  trade payables turnover   D.  trade receivables turnover

Rohan., A firm of manufactures, whose books are closed on 31st December, pu...

A firm of manufactures, whose books are closed on 31st December, purchased machinery for Rs.50,000 on 15 January, 2010. Additional Machinery was acquired for Rs.10,000 on 1st July,

Revenue recognisation, what all include in company revenue recoganisation

what all include in company revenue recoganisation

The Banking, 1. What is a bank? 2. What bank overdraft?

1. What is a bank? 2. What bank overdraft?

Fixed assets, Fixed Assets These are tangible, relatively long-lived it...

Fixed Assets These are tangible, relatively long-lived items owned through the business. The benefit of these assets is obtainable not only in the accounting period wherein the

Trading account, Organize the Trading Account from the subsequent details: ...

Organize the Trading Account from the subsequent details: Office Rent Rs. 5,000;Purchases Rs. 80,100; Opening stock Rs.25, 000; Stock at the end Rs. 15,000; Carriage Inward Rs.

American municipal bond assurance corporation, The first municipal bond ins...

The first municipal bond insurance company was created in 1971 as a supplementary of MGIC Investment Corp. of Milwaukee; now usually called as Ambac Financial Group, Inc. The Ameri

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd