The verifiable objective evidence concept states that all accounting
transactions should have evidence and must be supported by business
documents and vouchers.
Subscribe to:
Post Comments (Atom)
-
This is the basic concept of accounting. According to this concept, every financial transaction involves a two-folded aspect, (a)yielding ... -
Illustration 1 Rectify the following error and find out the effect of the errors on Net Profit. a. Purchases of Rs.300 from Raman passe...
-
Classify the following accounts into (a) personal accounts, (b) real accounts, and (c)nominal accounts: Furniture Account Salaries Acc...
No comments:
Post a Comment