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Financial accounting interview questions
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MBA finance
What do you mean by accounting concepts?
Accounting concepts are those basis assumptions upon which basic process of accounting is based. Following are the basic accounting concepts...
Accounting Conventions - a)Convention of Conservation b)Convention of Materiality c) Convention of Consistency
Convention of Conservation - This accounting convention is generally expressed as to “anticipate all the future losses and expenses, without considering the future incomes
What are the various systems of Accounting? Explain them.
There are two systems of Accounting: 1) Cash System of Accounting 2) Mercantile or Accrual System of Accounting
More Topics
General Accounting
Accounting Type
Journal
Expenditure
Ledger
Depreciation
Bank Reconciliation
Balance Sheet
Profit and Loss
Financial Accounting
Rectification of Errors
Cost Accountancy
Cost Element
Labour Cost
Material Cost
Overhead Cost
Marginal Costing
Standard Costing
Uniform Costing
Budgetary Control
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