OBJECTIVES OF ACCOUNTING To keep the systematic record To settle down the disputes For the proper classification of various heads To ascertain the profit and loss of the year For the decision making To communicate the necessary information to various users To know the financial position of the year For the comparative study of : Intra firm comparision Inter firm comparision RECEIPTS INFLOW OF CASH REVENUE NATURED CAPITAL NATURED ACCOUNTING CONCEPTS MONEY MEASUREMENT CONCEPT GOING CONCERN CONCEPT SEPARATE ENTITY ACCOUNTING PERIOD CONCEPT DUAL ASPECT CONCEPT/ACCOUNTING EQUATION CONCEPT OF CONSERVATISM/CONCEPT OF PRUDENCE MATCHING CONCEPT/ACCRUAL CONCEPT MATERIALITY CONCEPT CONCEPT OF FULL DISCLOSURE COST CONCEPT/HISTORICAL COST CONCEPT CONCEPT OF TIMELINESS CONCEPT OF REVENUE RECOGNITION CONCEPT OF SUBSTANCE OVERFORM CONCEPT OF CONSISTENCY
this is a net web blog journal diary that is formed and made by a Indian student for faculty,college kids,children and youngsters as a gift for you to hold and carry everywhere and everyplace around the globe.This journal is completely and totally free from price to use and is extremely easy to use and very easy to understand.