Advanced Accounting: Theory & PracticeFocuses On The Theory Part Of Advanced Accounting. Covers Theories Of Accounting, Accounting Standards, Measurement Of Income, Charging Prices, Human Resource Accounting, Social Responsiblity Accounting, Mechanized Accounting, Valuation Of Shares And Reporting. In Question-Answer Format, Useful For Mcom Students. |
Contents
What are the basic Accounting principles? | 17 |
Elucidate any five standards formed by the | 33 |
What are the various standards framed by the | 49 |
Distinguish between profit and Income | 55 |
Show the calculation of business income in | 64 |
What is meant by Business Income? Explain the | 74 |
Common terms and phrases
accounting accounting income accounting policies activities adjusted amount approach assets balance sheet basis becomes benefits capital cash changes common concept consideration consolidated consumed cost accounting decision depreciation determined difficulties disclosed disclosure distinction dividends earnings economic effect employees enterprise entity equity example existing expected expenses financial statements firm fixed assets future gains given historical cost human important income income measurement increase industry inflation interest inventories investment less liabilities loss machines maintaining material means measurement method monetary nature necessary objective operating original particular period plans position possible practice prepared present principles problem profit purchasing power realized reasons replacement reporting represent result segments shareholders shares significant social statements theory unit users valuation various worth