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CCP-102.6 2
Objectives
CCP-102.6 3
Important points in recording
CCP-102.6 4
Accounting Concepts
CCP-102.6 5
Money measurement concept
CCP-102.6 6
Cost Concept
CCP-102.6 7
Realisation Concept
CCP-102.6 8
Dual Aspect Concept
CCP-102.6 9
Accounting Conventions
Consistency
Uniform practice should be followed
Disclosure
Business results should be disclosed periodically
CCP-102.6 10
Relevence
Relevant accounting information as and when
required should be given
Feasibility
The practice of comparing expenses with the
income is called feasibility
Expenditure should be less than income
CCP-102.6 11
Conservation
CCP-102.6 12
Summary
CCP-102.6 13
Quiz
• Recording the transactions on the basis of actual
realization concept
happenings is _________________
• capital
Assets = ________+liabilities
CCP-102.6 14
Frequently Asked Questions
Short Questions
2. Define the term Dual aspect Concept
3. Write short notes on
d) Money Measurement Concept
e) Realisation Concept
Essay Questions
8. Explain various Accounting concepts
9. Distinguish between Accounting Concepts and
Conventions
CCP-102.6 15
THANK YOU
CCP-102.6 16