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Beyond the conventions of accounting

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Published by Macmillan Press in London .
Written in English

Subjects:

  • Industries -- Social aspects.,
  • Social accounting.

Book details:

Edition Notes

StatementTrevor Gambling.
Classifications
LC ClassificationsHD60 .G35
The Physical Object
Paginationx, 182 p. :
Number of Pages182
ID Numbers
Open LibraryOL4475454M
ISBN 100333189663
LC Control Number79302972

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  accounting, like bankers, financial institutions, regulatory authorities, government, investors, etc. want the accounting information to be consistent so as to facilitate comparison. Therefore, financial accounting is based on certain concepts and conventions which include CFI's Principles of Accounting book is free, available for anyone to download as a PDF. Read about bookkeeping, accounting principles, financial statements, with 66 pages of lessons and tutorials. From general transaction recording conventions to the full accounting cycle and finally to important accounts, the book   e.g.:‐ If book value of a machine is ` 1,00,/‐ and net realisable value is ` 80,/‐ businessman will ignore realisable value and provide depreciation on book value. 4] MONEY MEASUREMENT CONCEPT:‐ In accounting, everything is recorded in terms of money. Events or transactions Accounting principles, conventions and concepts 1. By- Sanjeet Yadav Komal Talat Hassan 2. Generally accepted accounting principles (GAAP) It may be expressed as those rules, guidelines and principles which are derived from experience and practice and when they are useful to accounting practice they, then become accepted as accounting principle. If any principle possess all the above