Search results with tag "Basic accounting principles"
BASIC ACCOUNTING PRINCIPLES
nios.ac.inMODULE - 1 Notes Basic Accounting Principles Business Environment 60 5 BASIC ACCOUNTING PRINCIPLES 5.0 INTRODUCTION We have studied economic activities which have been converted into business activities. In business activity a lot of “give & take” exist which is known as transaction. Transaction involves transfer of money or money’s worth.
BASIC ACCOUNTING PRINCIPLES
www.nios.ac.inconventions which may be regarded as fundamentals of accounting. The need for generally accepted accounting principles arises from two reasons: 1) to be logical & consistent in recording the transaction 2) to conform to the established practices & procedures The International Accounting Standards Committee (IASC) as
BASIC ACCOUNTING PRINCIPLES - National Institute of Open ...
www.nios.ac.inMODULE - 1 Business Environment Notes 63 Basic Accounting Principles DIPLOMA IN INSURANCE SERVICES 5.3 ACCOUNTING ASSUMPTIONS In the modern …