Skip to main content

ACCOUNTS FOR TALLY PART 3

By

OBJECTIVES OF ACCOUNTING

  1. To keep the systematic record
  2. To settle down the disputes
  3. For the proper classification of various heads
  4. To ascertain the profit and loss of the year 
  5. For the decision making
  6. To communicate the necessary information to various users
  7. To know the financial position of the year
  8. For the comparative study of :
  • Intra firm comparision
  • Inter firm comparision

RECEIPTS

INFLOW OF CASH
  • REVENUE NATURED
  • CAPITAL NATURED
ACCOUNTING CONCEPTS

  1. MONEY MEASUREMENT CONCEPT 
  2. GOING CONCERN CONCEPT 
  3. SEPARATE ENTITY 
  4. ACCOUNTING PERIOD CONCEPT 
  5. DUAL ASPECT CONCEPT/ACCOUNTING EQUATION
  6. CONCEPT OF CONSERVATISM/CONCEPT OF PRUDENCE
  7. MATCHING CONCEPT/ACCRUAL CONCEPT
  8. MATERIALITY CONCEPT 
  9. CONCEPT OF FULL DISCLOSURE 
  10. COST CONCEPT/HISTORICAL COST CONCEPT
  11. CONCEPT OF TIMELINESS
  12. CONCEPT OF REVENUE RECOGNITION 
  13. CONCEPT OF SUBSTANCE OVERFORM
  14. CONCEPT OF CONSISTENCY
Labels:

Comments

Post a Comment

Popular posts from this blog

PROGRAM TO PRINT COLOURS OF RAINBOW ACCORDING TO THE NO. INPUTTED BY THE USER

By
#include,stdio.h> #include<conio.h> void main() { int ch; printf("INPUT A NUMBER\n"); scanf("%d",&ch); switch(ch) { case 6: printf("Red"); break; case 5 : printf(" Orange"); break; case 4 : printf(" Yellow"); break; case 3 : printf(" Green"); break; case 2 : printf(" Blue"); break; case 1 : printf(" Indigo"); break; case 0 : printf(" Violet"); break; default : ("wrong input "); } } SIMPLE PROGRAMS FIND TYPE OF THE TRIANGLE TEMPERATURE CONVERSION COMMISSION OF A SALESMAN PRINT NUMBERS IN DESCENDING ORDER BIGGEST NUMBER AMONG THREE NUMBERS CALCULATE DIVISION A YEAR IS LEAP OR NOT A NUMBER IS ODD OR EVEN PRINT THE SQUARE ROOT ELSE PRINT N TO THE POWER 5 PRINT A NEW NUMBER BY ADDING 1 TO EACH DIGIT OF THE NUMBER PRINT THE NO. OF CURRENCY NOTES ACCORDING TO THE AMOUNT ENTERED DATA STRUCTURES ENTER DETAILS OF A STUDENT ENTER DETAILS OF A ST...
Post a Comment
Read more

unix commands

By
 
Post a Comment
Read more

Baby doge paws

By
Baby doge paws link 🎉 Join the BabyDoge PAWS Clicker adventure! Solve challenges, join daily events, and invite friends. Stay tuned for the token airdrop! 🐾 🌟 Earn 10k PAWS as a welcome bonus 🌟 Get 25k PAWS with Telegram Premium https://t.me/BabyDogePAWS_Bot?start=r_6394860582
Post a Comment
Read more