ابدأ بالتواصل مع الأشخاص وتبادل معارفك المهنية

أنشئ حسابًا أو سجّل الدخول للانضمام إلى مجتمعك المهني.

متابعة

Financials are maintained by using the accounting concept (1 ) Prudence Concept ( 2) Accrual Concept ( 3) Matching Concept ( 4) Entity Concept

user-image
تم إضافة السؤال من قبل Muhammad Umair Arain , General Accountant , Heart Beat Medical Center & One Day Surgery LLC
تاريخ النشر: 2015/03/19
sherif Galal
من قبل sherif Galal , Senior Auditor External Auditor  , UTC International (Ussamah Tabbara & Co.)

The financian statements are maintained by using the Accrual Concept

Nasifa Mohammed Sahim
من قبل Nasifa Mohammed Sahim , Accountant , Kid n Around Kindergarten

Accounting standards strictly require accounting on Accrual Basis . Business transactions are recorded when they occur and not the related payments are received . This is accrual maethod.

 

مستخدم محذوف‎
من قبل مستخدم محذوف‎

Answer is

>>2)Accural concept

Ahmed kandil
من قبل Ahmed kandil , Cost Controller , Battour Holding Cpompany

Accrual concept is the correct answer

Muhammad Ramzan Tufail  ACCA
من قبل Muhammad Ramzan Tufail ACCA , Assistant Finance Manager , Eltizam Asset Management Group

(2) is the Correct Ans.

 

Financial Statements are prepared under the Accrual Concept of accounting which requires that income and expense must be recognized in the accounting period to which they relate rather than on cash basis.

 

Accrual Basis of accounting ensures that expenses are "matched" with the revenue earned in an accounting period. Accruals concepts is therefore very similar to matching principle. 

 

Falak Sher Khan Khan
من قبل Falak Sher Khan Khan , Accountant , Star Marketing (Pvt) Ltd

 

Option>>>>>>>>>>>>>>>

(2) Accrual Concept

مستخدم محذوف‎
من قبل مستخدم محذوف‎

Financials are maintained by using the accrual accounting concept

Mohammad Ismail
من قبل Mohammad Ismail , ACCA Trainee , Zarai Taraqiati Bank Limited

All of the above concepts are used in preparing financial statements.

Mobeen Tahir
من قبل Mobeen Tahir , Credit Officer , Tawuniya Insurance

Option2 is the right answer.

مستخدم محذوف‎
من قبل مستخدم محذوف‎

1) Prudence Concept ..................................................

lakshminarasimham mallareddi
من قبل lakshminarasimham mallareddi , Manager Finance & Accounts , M/s. Vandana Global Limited, Raipur, Chhattisgarh

2) is correct. Financials always maintained by using accounting accrual concept.

المزيد من الأسئلة المماثلة