Accounting Assignment Help

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ACCOUNTING Assignment help

• By Assignments4u.com

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What is accounting?

• Accounting is the process of identifying,
  recording, measuring, classifying, summarizing,
  interpreting and communicating financial
  information. It gives us the result of profit or
  loss of a company for a given period and shows
  the nature and value of firm's assets,
  liabilities and owner's equity.

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Accounting concepts

• Business Entity concept
• Money Measurement Concept
• Dual aspect concept
• Cost concept
• Accounting period
• Conservatism
• Realization concept
• Matching concept
• Materiality concept
• Objectivity

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Accounting conventions

• Going concern
• Consistency
• Accrual

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Rules of accounting

• Accounts
• Personal
• Debit the receiver
• Credit the giver
• Real Account
  - Debit what comes in
• Impersonal
  Credit what goes out
• Nominal
  Account Debit expenses and losses
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  Credit revenue and income

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• It requires lot of practical knowledge and
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  students in their Accounts Assignment.

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