Doubt
This query is : Resolved
05 August 2015
what is the difference between accounting conventions and accounting concepts?
05 August 2015
Definition of accounting concepts: Rules of accounting that should be followed in preparation of all accounts and financial statements
05 August 2015
An accounting convention is not a legally-binding practice; rather, it is a generally-accepted convention based on customs, and is designed to help accountants overcome practical problems that arise out of the preparation of financial statements.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Query Regarding on TDS section 194H and 194J
- Fixed Deposit Claim Relinquishment by the Nominee
- NR GST NUMBER
- ITR 6 Schedule CFL and UD Issues
- Not a CA , can we prepare balance sheet
- FREELANCING ACCOUNTANT
- For REQUIRE INDIVIDUAL GST
- GST Department hearing
- TDS RATE ON RENT PAID TO NRI
- From 15CA for remittance by domestic travel agent by to Foreign Destination Management Company.
- Query reg: Accounting standard, Indian Accounting Standard, IFRS, GAAP, Cost Audit, Frontend audit
- GSTR-3B - Do I file nil when there is no sale but I've bought raw materials
- Is CFA or actuary good after CPA and CMA
- Transferring CA articleship from old to new scheme of education and training
- GST Refund SB005 Error
- Notice u/s.148- Asstt.Year 2015-2016
- Invoice Numbers Wrongly Entered
- TDS on purchase of value vouchers for employees ?
- PAYMENT TO OPEN AI AND ENVATO ELEMENT
- Issue of gst e invoice
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
