User Account

All Pages

Brief about matching concept

Assignment Help Accounting Basics
Reference no: EM132614982

Question 1: For the accounting concepts, there are some concepts that are very similar which makes it hard to understand entirely, can you brief about them with examples and explain with purpose.

  1. Matching Concept
  2. Prudence (are estimation of revenues should not be stated , but estimation of expenses or losses are stated)?
  3. Consistency
  4. Materiality
  5. Objectivity
  6. Substance over form
  7. Realisation(Only goods that are already delivered are recorded?)

Reference no: EM132614982

Questions Cloud

Rate at which ammonia is being formed at point : Consider the following reaction: N2+3H2?2NH3. At a certain point in the reaction, hydrogen gas is being consumed at a rate of 0.096 M/sec.
What is the heat flux through the floor : How much heat is needed to increase the temperature of the air it contains from 0oC to 20oC and What is the heat flux (Wm-2) through the floor?
Should direct labour for factory should be capitalized : Should direct labour and/or direct material for factory should be capitalized for new factory ? Explain in detail and provide with suitable example.
How much of the premium will be recognised as an expense : Under the accrual system of accounting how much of the premium will be recognised as an expense for the current year ended 30 June
Brief about matching concept : Brief about Matching Concept and Prudence (are estimation of revenues should not be stated , but estimation of expenses) with examples and explain with purpose.
Find the cash paid to suppliers of inventory : If total credit purchases of inventory for the year are $160 000, find the cash paid to suppliers of inventory for the year
What are two ways that the capacity of a bottleneck : Which production occurs is often limited by one or more bottlenecks in the process. What are two ways that the capacity of a bottleneck can be increased?
Find what two assumptions if violated independently : Find What two assumptions if violated either independently or jointly would make the CVP analysis of a company that manufactures a single product not reliable?
How much cash was paid for dividends in that period : The closing balance is $90 000, and dividends declared at the end of the period are $50 000, how much cash was paid for dividends in that period

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd