Define accounting and briefly explain the accounting concept, Accounting Basics

Assignment Help:

1. (a) Define Accounting. Briefly explain the accounting concepts which guide the accountant at the recording stage.

(b) "Ledger is said to be the principal book entry and the transactions can even be directly entered into the ledger account." Elaborate and explain why journal is necessary.   

 


Related Discussions:- Define accounting and briefly explain the accounting concept

What is meant by cash book and day book and general leder, Cash Book: It is...

Cash Book: It is one of the Subsidiary Book which is usually used by any business organisation to record all the cash transactions which helps to know the cash position as and when

An accounting perspective - uses of technology, Accountants and others are ...

Accountants and others are able to access the home pages of companies to find their annual reports and other information home pages of CPA firms to find employment opportunities an

Accounting for payroll employer taxes and reports, Accounting for payroll E...

Accounting for payroll Employer Taxes and Reports Everyone who works should have a social security number. All employers in this country who have at least one employee should h

Concepts and Conventions Underlying the Preparation of Finan, nWhat is the ...

nWhat is the implication of applying accounting concepts wrongly.imum 100 words accepted#

Accounting policies for credit losses, Because of the large number of accou...

Because of the large number of accounting scandals that involved misclassification on the balance sheet, FASB has paid particular attention to classification of cash and receivable

Assignment, o depreciation on the building has been recorded in 2016. Depre...

o depreciation on the building has been recorded in 2016. Depreciation on the building is based on Double-Declining Balance. It was purchased on 1/1/15 and has an estimated useful

How to manage barter income?, How to create account for barter transactions...

How to create account for barter transactions? As My Company is providing a service to another company and that company is reimbursing us with his service.

the relevant authoritative literature, Determining the physical quantity t...

Determining the physical quantity that should be contained in inventory normally is a simple matter because that amount have of items in the possession of the company. The cost of

What is ledger, Ledger = From the Journal entries we will post the trans...

Ledger = From the Journal entries we will post the transactions in a book known as Ledger. Ledger is a book which contains the summarized and classified form of permanent record

Ratio analysis, want to know sbp bsc rato analysis for 2010 t0 2014

want to know sbp bsc rato analysis for 2010 t0 2014

Write Your Message!

Captcha
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!

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