Accountancy, asked by shilparam6805, 11 months ago

Describe all the accounting concepts and conversions

Answers

Answered by Raju2392

Answer:

There are four main conventions in practice in accounting: conservatism; consistency; full disclosure; and materiality. Conservatism is the convention by which, when two values of a transaction are available, the lower-value transaction is recorded.

Previous Question

Next Question

Similar questions

Physics, 6 months ago

Two toy cars P and Q of masses 100 g and 150 g respectively are moving with the same speed. Which of two cars has greater kinetic energy? Why?

English, 6 months ago

poem "dili tanang matagak mahagbong" by adunis durado mga simbolo at interpretation...

Math, 6 months ago

Your mother started selling snacks in the nearby school. In one day, she spends P300 for rent and P35 for each snack item she prepares. Her expenses in a single day can be expressed as the function C(x) 35x + 300, where * is the number of items and C(x) is her daily expenses in pesos. How much are her expenses if she prepares 250 snack items? How about if she prepares 535 snack items? in Rotongas...

Chemistry, 11 months ago

Differentiate between oxidation and reduction...

Environmental Sciences, 11 months ago

Different techniques for water purification in india...

Math, 1 year ago

does trapezium have 1 angle of 90 degree...

English, 1 year ago

1. A man of courage always succeeds in life. (begin: It is.....) 2. I asked if her brother had sent her a ring (begin: "Has.... her?")...

English, 1 year ago

His throat went dry(use verb form of dry)...