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What is realisation concept in financial accounting?
Realization concept is also known as Revenue recognition concept. Under this concept revenue is said to be recognized by the seller when it is earned irrespective of cash received or not.
Time Period Concept?
the time period concept is a GAAP that is generally accepted accounting principle that states that the acounting entries are made in equal periods of time usually on each year
What concept provides the basic rationale for international trade?
comparative advantage
What is Basic concept of business studies?
the study of how businesses work, especially the financial and management aspects
What is the most basic concept of economic life with which the study of economics must deal with?
Single-person economies: output optimisation; labour-leisure trade-offs. Multi-person economies: exchange and benefits from cooperation.
What are the basic accounting concept and their implication?
basic concepts of accounting
What are the fundamental concept of accounting?
basic principle of accounting
What are accounting conversion and concept?
accounting concept are the basic knowledge of accounting on which basis monetry transation are made in accounting book.
What Basic 8 concepts of financial accounting?
There are eight accounting concepts: Business entity concept, cost concept, going concern concept, matching concept, objectivity concept, unit of measure concept, adequate disclosure concept, and accounting period concept
Explain the basic features of accounting principles also describe its concept?
feature of accounting princeple
What are the concepts of accounting?
where are 7 Accounting concept in the books of CIE which are done for methods e.g deprecation=prudence if the company will complete forward=going concern etc.idea is more basic to accounting than the accounting unit or entity, a term used to identify the organization for which the accounting service is to be provided and whose accounting or other...Accounting concept are customs and tradition which are used as a guide for preparation of financial statements
What is the importance of accounting concept and convention to an organisation?
accounting is a very basic function of buisness .it show a financal position of buisness without accounting no buisness con run properly.
Concept of social responsibility accounting?
concept of responsibility accounting
What is the importance of mathematics in accounting?
Accounting use mathematics in order to interpret facts and figure. This requires some basic and intermediate knowledge of mathematic concept and theories.
what is the most basic form of accounting training?
The most basic form of accounting training is to take an introductory course at a college or university. However, not all schools offer accounting classes, so you should investigate and explore your options.
What are three basic activities of accounting?
What are the Basic Activities of accounting?
Which tax program can also help me with basic accounting?
Quicken is one of the most popular programs for taxes and basic accounting because it offers a huge variety of accounting tools and a user-friendly interface.
