Accrual basis of accounting
Briefly describe the accrual basis of accounting by describing the principles involved.
Expert
The accrual basis of the accounting demonstrate the effects of the economic transactions and events in period in that those effects happen, even if the resulting cash receipts as well as payments happen in a different period. It is based upon the accruals concept that is the principle that revenue and costs are predictable as they are earned and acquired not as cash is received or paid (realization concept), and they are harmonized with one another (matching concept) and dealt with in income statement of period to which they relate (period concept).
Briefly describe renewal method to calculate depreciation?
For debentures who decides rate of interest?
Write down the methods which are available for valuation of capital expenditure proposals?
Give brief introduction of Barth Payment System of premium payment?
Give a brief introduction of the term ‘valuation of receipts’?
As per schedule XIV of Companies Act, 1956 how is depreciation computed?
Explain briefly the procedure how load balancing is maintained in the Siebel?
Give a brief introduction of the term ‘Average Price Method’?
Write down the restrictions of Marginal Costing?
Describe briefly the term Adjustment entries?
18,76,764
1935160 Asked
3,689
Active Tutors
1444559
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!