| Title | : | Theory of Accounts Volume Two (Includes SMEs) |
| Author | : | Conrado T. Valix |
| Language | : | en |
| Rating | : | |
| Type | : | PDF, ePub, Kindle |
| Uploaded | : | Apr 03, 2021 |
Download Theory of Accounts Volume Two (Includes SMEs) - Conrado T. Valix file in ePub Online
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Ncert solution for class 11 accountancy chapter 2 - theory base of accounting covers all the questions provided in ncert books for 11th class accountancy subject.
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Dual aspect principle: according to this principle, every business transaction has two aspects-a debit and a credit of equal amount. In other words, for every debit there is a credit of equal amount in one or more accounts and vice-versa. The system of recording transaction based on this principle is called as “double.
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Kerala plus one accountancy notes chapter 2 theory base of accounting summary: generally accepted accounting principles (gaap): gaap refers to the rules or guidelines adopted for recording and reporting to business transactions in order to bring uniformity in the preparation and presentation of financial statements. These principles are also referred to as concepts and conventions.
Valix, this question isn`t related to the theory of accounts. If you may allow, could you give me the link related to the answers of the problems on the book? chapter 7 specifically atty.
A double column cash book or two column cash book is one which consists of two separate columns on the debit side as well as credit side for recording cash.
Accounting involves recording the financial transactions inappropriate book of every transaction has two aspects, 'a debit' and 'a credit' of an equal amount.
Accounting theory also includes the reporting of account-ing and financial information. There has been and will continue to be exten - sive discussion and argumentation as to what these basic assumptions, definitions, principles, and concepts should be; thus, accounting theory is never a final and finished product.
View course theory of accounts - volume 1 for similar questions at memory.
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