Benefits of Accounting Homework Help
Through online accounting homework help, the students can get vital and recent information about the various topics covered in accounting as mentioned below which will enable them to gain good scores in examinations as well as in submitting their assignments.
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Accounting
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Accounting
Topic: Accounting Benefits
Benefits of online accounting homework help: Through online accounting homework help, the students can get vital and recent information about the various topics covered in accounting as mentioned below which will enable them to gain good scores in examinations as well as in submitting their assignments. Accounting concepts: The various terms used for describing the basic ideas are: concepts, postulates, propositions, basic assumptions, underlying principles, fundamentals, conventions, doctrines, rules etc. Business entity concepts: In accounting we make a distinction between business and the owner. All the records are kept from the viewpoint of the business rather than from that of the owner. An enterprise is an economic unit separate and apart from the owner or owners. In the case of a limited company, a company has legal entity (or personality) of its own. Like a natural person, it can engage itself in economic activities of producing, owning, managing, storing, transferring, lending, borrowing and consuming commodities and services. One reason for the distinction is to make it possible for the owners to have an account of the performance from those who manage the enterprise. Money measurement concept: In accounting, only those facts which can be expressed in terms of money are recorded. As money is accepted not only as a medium of exchange but also as a store of value, it has a very important
www.classof1.com/homework-help/accounting
*The Homework solutions from Classof1 are intended to help students understand the approach to solving the problem and not for
submitting the same in lieu of their academic submissions for grades.
Sub:
Accounting
Topic: Accounting Benefits
advantage since a number of widely different assets and equities can be expressed in terms of a common denominator. Secondly, use of money implies that a rupee today is of equal value to a rupee ten years back or tern years later. In other words, we assume stable or constant value of rupee. In the accounts, money is expressed in terms of its value at the time an event is recorded. Continuity concept: Accounting assumes that the business (an accounting entry) will continue to operate for a long time in the future unless there is a good evidence to the contrary. The enterprise is viewed as a going concern. It means it is continuing in operation, at least in the foreseeable future. The assumption is of considerable importance for it means that the business is viewed as a mechanism for adding value to resources it uses. The success of the business can be measured by the difference between output values (sales or revenues) and input values (expenses). Therefore, all unused resources can be reported at cost rather than at market values. Cost concept: The resources (land, buildings, machinery, property rights etc) that a business owns, are called assets. The money values that are assigned to asset are derived from the cost concept. As per this concept, an asset is worth the price paid for or cost incurred to acquire it. The cost concept does not mean that all assets remain on the accounting records at their original cost for all time to come. Accrual concept:
www.classof1.com/homework-help/accounting
*The Homework solutions from Classof1 are intended to help students understand the approach to solving the problem and not for
submitting the same in lieu of their academic submissions for grades.
Sub:
Accounting
Topic: Accounting Benefits
The accrual concept makes a distinction between the receipt of cash and the right to receive it and the payment of cash and the legal obligation to pay it. The accrual concept recognises this distinction. The accrual concept provides a guideline to the accountant as to how he should treat the cash receipt and the rights related thereto. Apart from the concepts mentioned above, the following concepts like accounting concepts: Concept of conservatism, materiality concept, consistency concept and periodicity concept are also important.
www.classof1.com/homework-help/accounting
*The Homework solutions from Classof1 are intended to help students understand the approach to solving the problem and not for
submitting the same in lieu of their academic submissions for grades.
Sub:
Accounting
Topic: Accounting Benefits
For more details on Classof1 or customized academic assistance please feel free to write to us at [email protected] or call our toll-free number 1- 877- 252- 7763. The list of subject areas in which we offer academic assistance is as given below:
1. Accounting 2. Actuarial Science 3. Anatomy 4. Anthropology 5. Architecture 6. Astronomy 7. Biochemical Engineering 8. Biochemistry 9. Biology 10. Business Law 11. Business Management 12. Chemical Engineering 13. Chemistry 14. Civil Engineering 15. Classical Studies 16. Computer Science 17. Corporate Finance 18. Corporate Strategy 19. Cost Accounting 20. Earth Science 21. Economics 22. Electrical Engineering 23. Engineering 24. English 25. Environmental Engineering 26. Environmental Science 27. Essay Writing 28. Finance 29. Financial Accounting 30. Gender Studies 31. Geography 32. Geology 33. HBS Case Study Analysis 34. History 35. Hospitality Management 36. Human Resource Management 37. Information Systems 38. International Economics 39. International Finance 40. Investment Portfolio Management 41. MS-Office 42. Macro Economics 43. Management Accounting 44. Marketing 45. Mass Communication 46. Materials Engineering 47. Math 48. Mechanical Engineering 49. Medical Science 50. Micro Economics 51. Nursing 52. Operations Management 53. Philosophy 54. Physics 55. Physiology 56. Political Science 57. Psychology 58. Religious Studies 59. Rhetoric 60. Social Studies 61. Social Work 62. Sociology 63. Statistics 64. Taxation 65. Zoology
www.classof1.com/homework-help/accounting
*The Homework solutions from Classof1 are intended to help students understand the approach to solving the problem and not for
submitting the same in lieu of their academic submissions for grades.
Homework Help
24/7 Support
Step-by-Step Solutions
Detailed Explanation
LEARN TO EXCEL
Experienced Tutors
www.classof1.com/homework-help/accounting Toll Free: 1-877-252-7763
Sub:
Accounting
Topic: Accounting Benefits
Benefits of online accounting homework help: Through online accounting homework help, the students can get vital and recent information about the various topics covered in accounting as mentioned below which will enable them to gain good scores in examinations as well as in submitting their assignments. Accounting concepts: The various terms used for describing the basic ideas are: concepts, postulates, propositions, basic assumptions, underlying principles, fundamentals, conventions, doctrines, rules etc. Business entity concepts: In accounting we make a distinction between business and the owner. All the records are kept from the viewpoint of the business rather than from that of the owner. An enterprise is an economic unit separate and apart from the owner or owners. In the case of a limited company, a company has legal entity (or personality) of its own. Like a natural person, it can engage itself in economic activities of producing, owning, managing, storing, transferring, lending, borrowing and consuming commodities and services. One reason for the distinction is to make it possible for the owners to have an account of the performance from those who manage the enterprise. Money measurement concept: In accounting, only those facts which can be expressed in terms of money are recorded. As money is accepted not only as a medium of exchange but also as a store of value, it has a very important
www.classof1.com/homework-help/accounting
*The Homework solutions from Classof1 are intended to help students understand the approach to solving the problem and not for
submitting the same in lieu of their academic submissions for grades.
Sub:
Accounting
Topic: Accounting Benefits
advantage since a number of widely different assets and equities can be expressed in terms of a common denominator. Secondly, use of money implies that a rupee today is of equal value to a rupee ten years back or tern years later. In other words, we assume stable or constant value of rupee. In the accounts, money is expressed in terms of its value at the time an event is recorded. Continuity concept: Accounting assumes that the business (an accounting entry) will continue to operate for a long time in the future unless there is a good evidence to the contrary. The enterprise is viewed as a going concern. It means it is continuing in operation, at least in the foreseeable future. The assumption is of considerable importance for it means that the business is viewed as a mechanism for adding value to resources it uses. The success of the business can be measured by the difference between output values (sales or revenues) and input values (expenses). Therefore, all unused resources can be reported at cost rather than at market values. Cost concept: The resources (land, buildings, machinery, property rights etc) that a business owns, are called assets. The money values that are assigned to asset are derived from the cost concept. As per this concept, an asset is worth the price paid for or cost incurred to acquire it. The cost concept does not mean that all assets remain on the accounting records at their original cost for all time to come. Accrual concept:
www.classof1.com/homework-help/accounting
*The Homework solutions from Classof1 are intended to help students understand the approach to solving the problem and not for
submitting the same in lieu of their academic submissions for grades.
Sub:
Accounting
Topic: Accounting Benefits
The accrual concept makes a distinction between the receipt of cash and the right to receive it and the payment of cash and the legal obligation to pay it. The accrual concept recognises this distinction. The accrual concept provides a guideline to the accountant as to how he should treat the cash receipt and the rights related thereto. Apart from the concepts mentioned above, the following concepts like accounting concepts: Concept of conservatism, materiality concept, consistency concept and periodicity concept are also important.
www.classof1.com/homework-help/accounting
*The Homework solutions from Classof1 are intended to help students understand the approach to solving the problem and not for
submitting the same in lieu of their academic submissions for grades.
Sub:
Accounting
Topic: Accounting Benefits
For more details on Classof1 or customized academic assistance please feel free to write to us at [email protected] or call our toll-free number 1- 877- 252- 7763. The list of subject areas in which we offer academic assistance is as given below:
1. Accounting 2. Actuarial Science 3. Anatomy 4. Anthropology 5. Architecture 6. Astronomy 7. Biochemical Engineering 8. Biochemistry 9. Biology 10. Business Law 11. Business Management 12. Chemical Engineering 13. Chemistry 14. Civil Engineering 15. Classical Studies 16. Computer Science 17. Corporate Finance 18. Corporate Strategy 19. Cost Accounting 20. Earth Science 21. Economics 22. Electrical Engineering 23. Engineering 24. English 25. Environmental Engineering 26. Environmental Science 27. Essay Writing 28. Finance 29. Financial Accounting 30. Gender Studies 31. Geography 32. Geology 33. HBS Case Study Analysis 34. History 35. Hospitality Management 36. Human Resource Management 37. Information Systems 38. International Economics 39. International Finance 40. Investment Portfolio Management 41. MS-Office 42. Macro Economics 43. Management Accounting 44. Marketing 45. Mass Communication 46. Materials Engineering 47. Math 48. Mechanical Engineering 49. Medical Science 50. Micro Economics 51. Nursing 52. Operations Management 53. Philosophy 54. Physics 55. Physiology 56. Political Science 57. Psychology 58. Religious Studies 59. Rhetoric 60. Social Studies 61. Social Work 62. Sociology 63. Statistics 64. Taxation 65. Zoology
www.classof1.com/homework-help/accounting
*The Homework solutions from Classof1 are intended to help students understand the approach to solving the problem and not for
submitting the same in lieu of their academic submissions for grades.
