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Q. Explain about Traditional accounting theory?
Conventional accounting theory consists of underlying assumptions rules of measurement major principles and modifying conventions or constraints. The following sections illustrate these aspects of accounting theory that greatly influence accounting practice.
need to get assignment done, its corporate accounting.
The book of Deven Verma could not be tallied. The account transferred the difference of Rs. 1.270 in the suspense account on the debit side. the following mistakes were found later
“Ledger is said to be the principal book entry and the transactions can even be directly entered into the ledger account.”
does immaterial items have to be recorded
procedure followed in government system of accounting in india
Q. Explain about revenue recognition principle? Under the revenue recognition principle revenues must be earned and realized before they are recognized (recorded). Earning of r
One or more phases in the operation cannot supply all the items it makes concurrently.
20 hypothetical inventory transactions both sale and purchase
Q. Procedure of recording business transactions? The raw information of accounting is the business transactions. We documented the transactions in section 1 as increases or dec
Social Responsibility Accounting: Social responsibility accounting is a modern phase in the development of accounting and owes its birth to rising social awareness that has be
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