Archive | Accounting

Accounting Concepts: Top 7 Concepts of Accounting

This article throws light upon the top seven concepts of accounting. The concepts are: 1. The Money Measurement Concept 2. The Business Entity Concept 3. The Ongoing Concern Concept 4. The Cost Concept 5. The Dual Aspect Concept 6. The Accrued Concept 7. The Realisation Concept. Concept # 1. The Money Measurement Concept: The record is important in terms of [...]

By |2016-08-25T16:53:49+05:30August 25, 2016|Accounting|Comments Off on Accounting Concepts: Top 7 Concepts of Accounting

Budgetary Control: Meaning and Requisites | Accounting

After reading this article you will learn about:- 1. Meaning of Budgetary Control 2. Objectives of Budgetary Control 3. Merits 4. Limitations 5. Requisites 6. Classification. Meaning of Budgetary Control: The budgetary control is defined as the establishment of budget relating to the responsibility of executive to the requirement of a policy and the continuous compari­son of actual with budgeted [...]

By |2016-08-25T16:53:49+05:30August 25, 2016|Accounting|Comments Off on Budgetary Control: Meaning and Requisites | Accounting

Auditing: Meaning, Objectives and Advantages | Accounting

After reading this article you will learn about:- 1. Meaning of Auditing 2. Objectives of Auditing 3. Advantages 4. Classification. Meaning of Auditing: Auditing, therefore, is an examination of the books of accounts and vouchers of the business by an independent person who should be qualified for the job, in order to ascertain their accuracy. Objectives of Auditing: The basic [...]

By |2016-08-25T16:53:49+05:30August 25, 2016|Accounting|Comments Off on Auditing: Meaning, Objectives and Advantages | Accounting
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