Explain the accounting principles of each of the following: (a) Going concern; (b) Accruals; (c) Consistency; (d)
Question:
(a) Going concern;
(b) Accruals;
(c) Consistency;
(d) The concept of prudence?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 71% (14 reviews)
a Going concern According to IASB Conceptual Framework the term Going concern means the business nei...View the full answer
Answered By
Utsab mitra
I have the expertise to deliver these subjects to college and higher-level students. The services would involve only solving assignments, homework help, and others.
I have experience in delivering these subjects for the last 6 years on a freelancing basis in different companies around the globe. I am CMA certified and CGMA UK. I have professional experience of 18 years in the industry involved in the manufacturing company and IT implementation experience of over 12 years.
I have delivered this help to students effortlessly, which is essential to give the students a good grade in their studies.
3.50+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Managerial Accounting questions
-
The following cases relate to the valuation of assets. Consider each case independently. a. World-Wide Travel Agency has office supplies costing $1,700 on hand at the balance sheet date. These...
-
The following cases relate to the valuation of assets. Consider each case independently. a. World-Wide Travel Agency has office supplies costing $1,400 on hand at the balance sheet date. These...
-
The following two statements have been taken directly or with some modification from the accounting literature. Each of them is either taken out of context, involves circular reasoning, and/or...
-
(8) (Non circular cylinder) A solid right (noncircular) cylinder has its base the R in the xy-plane and is bounded above by is 22-y + +5 5 * (x + y) dx dy paraboloid 2= x + y . The cylinder's volume....
-
Find the interaction force of two coils with magnetic moments P1m, = 4.0 mA m2 and P2m, = 6.0 mA m2 and collinear axes if the separation between the coils is equal to 1 = 20 cm which exceeds...
-
Twenty different statistics students are randomly selected. For each of them, their body temperature (C) is measured and their head circumference (cm) is measured. a. For this sample of paired data,...
-
To identify the common technological applications that enable and facilitate e-business. LO.1
-
On January 1, 2012, Ginsberg, Corp., issued $400,000 of 7.375%, five-year bonds payable when the market interest rate was 8%. Ginsberg pays interest annually at year-end. The issue price of the bonds...
-
ag) Discuss at least one technique you would use to overcome each of these problems if your team was underperforming. Poor communication Personality clashes between team members Groupthink Lack of...
-
Project Alpha has two phases. You may invest in the first, in both, or in neither. The first phase requires an investment of $100 today. One year later, Alpha will deliver either $120 or $80, with...
-
Explain what is meant by each of the following: (a) Comparability; (b) Understandability; and (c) Materiality?
-
Explain why companies should avoid overstatement of assets or understatement of liabilities?
-
In Exercises, find the indefinite integral. 1 Jx-5 dx
-
As shown on the attached chart, what is the approximate current 7-year spread premium for Kellogg Bonds? 25 Basis Points 75 Basis Points 200 Basis Points AUS Treasury Actives Curve X-ads Tenor...
-
A pharmaceutical company claims to have invented a new pill to aid weight loss. They claim that people taking these pills will lose more weight than people not taking them. A total of twenty people...
-
Let U = {a, b, c, d, e, f} be the universal set and let A = {a, b, c, d, e, f}. Write the set A. Remember to use correct set notation. Provide your answer below: A=
-
Produce a poster series of three (3) A3 sized posters on creativity in the early years. As a collective the poster series must articulate the importance of aesthetics and creativity for young...
-
Find the second derivative of the function. g(x) = ex In(x) g"(x) = Need Help? Read It
-
It can be inferred from the second paragraph (lines 1638) that Americas reluctance to choose liquid natural gas over other energy sources will: F. Not prevent America from importing more liquid...
-
Southwestern Punch was made by Frutayuda, Inc. and sold in 12-ounce cans to benefit victims of Hurricane Zero. The mean number of ounces placed in a can by an automatic fill pump is 11.7 with a...
-
Explain the impact on financial statements of each of the following: (a) Company law; (b) The International Accounting Standards Board?
-
Explain how the monitoring of financial statements is carried out by the auditors.
-
Explain each of the following: (a) The IAS Regulation (b) The Financial Reporting Council (c) Stock Exchange Listing Rules?
-
Comfort Golf Products is considering whether to upgrade its equipment Managers are considering two options. Equipment manufactured by Stenback Inc. costs $1,000,000 and will last five years and have...
-
Weaver Corporation had the following stock issued and outstanding at January 1, Year 1: 71,000 shares of $10 par common stock. 8,500 shares of $60 par, 6 percent, noncumulative preferred stock. On...
-
Read the following case and then answer questions On 1 January 2016 a company purchased a machine at a cost of $3,000. Its useful life is estimated to be 10 years and then it has a residual value of...
Study smarter with the SolutionInn App