accounting concepts are rules and guidelines which the accountant follows and uses when deciding between differing options to make. They help to ensure the accounting information is presented accurately and consistently. All formal accounting statements should be created‚ preserved and presented according to the concepts and conventions’. The following will look at each of the concepts and conventions and relate them to the profit and loss account for a sole trader. GOING CONCERN This concept assumes
Premium Depreciation
TIMESHARE CONCEPTS A. WHAT A TIMESHARE IS (VACATION OWNERSHIP OR FRACTIONAL OWNERSHIP) A timeshare is a program in which a group of people shares use of a property by dividing among themselves the rights to use the property for specific time periods. Although the property is usually a residential project such as a condominium‚ developers have applied the timesharing concept to other types of properties‚ such as houseboats‚ campgrounds‚ and recreational vehicle parks. Virtually all timeshares
Premium Property
Abortion Abortion is the removal of a fetus from the uterus in an attempt to terminate a pregnancy. This is both a social and moral issue. The abortion procedure can be performed up to the sixteenth week of pregnancy. By the sixteenth week of pregnancy the fetus can hear external voices‚ sleep‚ and dream. The fetus’ heart is even circulating blood through its tiny body at this point. Therefore yes the fetus is a human being just as we are and it has every right to live. During the 1800’s in
Premium Abortion Abortion debate Roe v. Wade
® keep it simple science Copying is permitted according to the Site Licence Conditions only HSC Biology Topic 1 MAINTAINING A BALANCE What is this topic about? To keep it as simple as possible‚ (K.I.S.S.) this topic involves the study of: 1. ENZYMES & HOMEOSTASIS 2. TEMPERATURE REGULATION 3. INTERNAL TRANSPORT SYSTEMS 4. EXCRETION & WATER BALANCE but first‚ an introduction... Living Things are Made of Cells Homeostasis All living things are composed of microscopic units
Premium PH Blood Enzyme
ACCOUNTING CONCEPTS What are the Account Concepts? In order to maintain uniformity and consistency in preparing and maintaining books of accounts‚ Certain rules or principles have been evolved. These rules/principles are classified as concepts and conventions. These are foundations of preparing and maintaining accounting records. “Accounting concept refers to the basic assumptions and rules and principles which work as the basis of recording of business transactions and preparing accounts
Premium Generally Accepted Accounting Principles Business
The Ancient Concept of Karma Religion is the heartbeat of every culture that has ever been a part of the human race’s existence. It is what gives people hope‚ faith‚ something to believe in‚ and something that encourages them to be the best person that they can possibly be. Karma is a huge aspect of many religions‚ specifically in Hinduism. The concept of karma greatly empowers those said traits in religion. Ever since ancient and classical Indian culture‚ karma has impacted people all
Premium Karma Reincarnation Buddhism
Concept of Entrepreneur The concept of Entrepreneurship is comparatively new and dynamic. The following eleven qualities/ attributes are considered to be some of the important ones for a successful entrepreneur on the basis of the research and experience is as follows:- a]High level of motivation‚ b]Moderate Risk-taker c]Self-confident with positive self concept‚ d]Excellent Leadership qualities e]Good Business acumen
Premium Entrepreneurship Entrepreneur Business
delivering the desired satisfactions more effectively and efficiently than competitors do. The Selling Concept. This is another common business orientation. It holds that consumers and businesses‚ if left alone‚ will ordinarily not buy enough of the selling company’s products. The organization must‚ therefore‚ undertake an aggressive selling and promotion effort. This concept assumes that consumers typically sho9w buyi8ng inertia or resistance and must be coaxed into buying. It also assumes
Premium Marketing Sales
Liberal Studies - Revision notes Module 1 – Personal Development and Interpersonal Relationships 1. self concept – academic achievement‚ body image‚ personality‚ identity 2. self-esteem – ideal self‚ actual self‚ self defence mechanism 3. Maslow’s hierarchy of needs A. physiological needs B. security C. affiliation D. self-esteem E. self-actualization – life goal 4. intellectual/cognitive development – independent thinking‚ rebellious behaviour‚ anti-social behaviour‚ juvenile delinquency
Premium Globalization Energy development
CONCEPT PAPER A Concept Paper is about the in-depth analysis regarding an intangible thought‚ theory‚ or idea. The goal of writing a concept paper is to explain a particular idea to the audience or readers objectively. Whenever an idea has to be explained‚ a concept paper is needed. If the audience has no knowledge about the topic‚ your job should inform them. If your audience has some knowledge‚ your job is to add new things or new idea about the topic. A concept paper is prepared as a prelude
Premium Abstraction Concept Writing