20.

08

ccounting the
aru of recordi
osHyiyard SumneYMr
a siomilicand mamnex ad im dey
o moncy rbactio ardeverty hich
a e o_imamclal caractor ard cder
he re ^ulty therc
tin
6yamche) Hccoumiry
Eimancial Hecounting
Cos Acoumtng
3 lanagament Accoumdunng

byectives e_Accourir
1Keepig tammtic record
2 Pxrotactiry'are c roiy husincn_praat-
3.4ceytainirg the opedional preft ad
the busneS.
4 Ha decom makr

er o account ifomation
Properitor) ar 6wme af thc organotion
2 ama ye r
3Prehent ard Proapetive ive tor
eaditor, bankers a o ther Jadhy
jnitdtior
5 overnmed.

Eployee)
7 Resercher
8 Seri term Creaditox)
Dades

21.8.19

Merits AcoLtting
Complete h trar)ac tien
ccord
2tullp:ll, hedegal cYame enotc
no lc-
Nef resultyo feratiors cde acelaln
imanc ial do tion Cam
5.Heplud deciston Yokng
6. HeAin compardivtudy
Helps i coiolmg he-ag
Failiade the etkkmentef tax ebidies
Limidtions hccouring
anores he price Jeva Charge)
Emated poitiom e t the real paytion
mancial Dotion om apticwla date
oymdt o d cplete yea7
Latnores he uAntatim elemer
. ot_reeTON

Rules

bendray hteepted ArccouTdi

Hecounding Pyinile (GAAP) Stardau

Accoundiny tccourn lrdidn tccourdinyIAnalal

onveng o Stamdard Accou
Samded.
26.08

nAA P- (yeneraly Mccepted Accourdirg Princih

In orley to make he
c accoudamcy o ComVoy Jargng
he Jahe
me am to a ecft a
acticaple he accouan a over
the word ha ve evope ceylaim
ules oceNOY comeUon
which cprcent a CoMmOM View by
the rofe >ov pear good aCcOumtirg
acticeyac rOceOr ard aJze
generay elexc a aP.

tecourtivg Conceb hese y be

may be
cOidered he
balic aumbtio ox cemdtiom) upon
science o accoumr
wich the
aed.

a iney Endity Concept Accordirg

hy concepb
puine tretecd a a

eritysaperatecd e 1t ouomers,
CYRadifer, MAnagers a d ofhers 1
reaed_to huve a iainaccoubrg
enify whuch comdyol the rOrCes
ACCOUIaple
the
hereor he efect o the concej
thas
biney trasactiems _o re cerdef
Oythe _he-on Tyaruct1on
lOrrdreporteo r e t the
othe owre
Dadecd
26.08-1

)mcne erofitithe
the hune LSundess cithuted 1
Owmey

The bepona etsotheCwnr e

he
et COYMclered -by x C whide ecordina

Yefotirg the aet the

busines erdity

b)MeneyMaunent oncc ut o
exchage drd
meayiremne A mecoebay to accou
hetrabaction o buAmes derri
n_cumforo manner he caynroon
dememinmatoy cha)en m accoururg îy
he rpmitory umit mey J he
commom_ demo'mnate2
wich the exchange ability o4gcods
ad erVlco indudimg ahor madwa
eouwrocesdrd capttal ane meayw7ed

C)CoAt Concept- hecodiry to th cOncept

e Various dsSes acwred
yabirm ould be zecorded on the
baa o_actual_amoum_peN he xed
es w be recorded dca he
Trme o_bwchase but it may be redued
Tme
by chargir) d'ep icialon
dec
2 9 . 0 8 9

d)7ong Concern Coreb omce Buyime

ydrhac1 ions ahe
yecorded o r 7heaSYmpuon hd fhe
fhe
bumeS> wi comdribd fo a lorg time
me 1thc he imtenMom nOr he
here
meceet y foipuidade he portic udar
bustme-S m the n caz utwe Therrhore
it
twould be ablc fo mcet 11 Cmactual
ohligatio and ye t CoU7ces accory
cdefey m e goalb: 1aamsactio
te thepre jm3uch manner that the
that the
2e
recc
a ad
deed
d

in_utare
hemi1t kely to accrue
money en mow
xm

)hccourtirg leriod ncs he uife of the

bune devides

apropiate rd ow
o
he e l
4
by the
amalisin devicled
Cunes Everg art
a amdccountmg period I 4
Knoun

time imterva 2 mmths at

he
the takmen
the ec e which imcome
heet is e h a e c t o evalluade
and baance-
the perhc mdNCe:

ybors
Thiy concot
expet mcept- Om double emdry
ua
bcckeepirg which mea) thad
mSu)
Spter etu
occounty ade

a mamner hat
 each
tramoclion 1
o twa aspect of ecoqatio

the rcords. he rdaA

Tdr)acl
i
eects ever
every
to
Yhe two aspect con.ept:Eve,
coDEept: EveeTy
dual apec
noun as o credn.
cred.
amoun e
has egua
debit

Asets Liabildies
+ aprtal

Accoundtiry recogmze)
)ealiaation (oncef-cc
hat mo rehi
the acqutjom ef
to
to accwhe omly om
be ha
ceyTajo mauy
however
any hi te
it w be sodd_hor a rot fccordirg
Yecogised
i_concept e e nue
madeUnle) money ha ha)
when Jales
beem receivred a Jega oblg aion
asbeen
aumed_by the
The
#ay
Cutonme-

Every Trarhactiom efcl

) Hccrua Concept a
noe or more m
apects hat i _ a t a liablity
the
he 3
Traruelio are seHe
rd cabital. U
cayh eHlemerd has
Caih bud i
takes_place T+_roper te brirthe
Tan Aaction or_eent m He Comhered
tbea k o accourd
hconep inflies #od he Incomd
houd be heaywed_aa dillerenca b/w
x t h e r tun he
e venue amd evhenses
 b/w cayh rece/ve avd puy ner
cricy
llexencd
th comcept adyuytmer
Dic fo am prepauid one
to outytamdirg
xedated

made hased
basel
(omcept-Ihis hi con ept
con

Revemue d c h on accouirg eriod

detexmume
deteymime the prefi
hepredil

to buMneS
Concet
iorder
he
fhe
ds)ufered by feriod D
Aeriod
cavedL dehime ac
aCuting
cóuntirg
aticalar period
he
etheperiod
a expenbe)o
that rcyenue
mece ceany
Y CyenUee
matehed wh_he
showld be
that periad
 Accoumdioy Comvenbios he te
Con vertbny_ 'me.
|Ctom ox odition whueh qwde e
accoustad whle parir hacco uydi
atemet

onsistency Cmvevtiom hus conventio

imie hat the
accountiry xActiceshould aemaun the
ameorm yean fo year he reu of
dipperend yea wi be comfanable ony
when accoui rdes ne cohinyeowy
Hodowedr ea to ear
InÝentryevaltion D<priciation
Dibrure wvertion-naod ccouÜng þrada
demand that alsigni
icand nfermtion euld be hully
airy dsckhe mhe idrcial statemed
or ormation which s omateia mtere
tte he Credrfor nvetor, owne ) ouk
be diaclob ed.

3 Materiality Conueydintecegndirg foto thi-

convention accouniry
hocdd record whot nateria avd igmare
migihicant detall whilepreparirg fid
accoun hw Mbecawe bfher_we
w unneceuly be_ver
accouirg wiy
budened with defal
 Conservion (omventios here aetwo
p imciple im th
Com vertio
The
)The acoutas hocld mof aniciple /mcome
but hould rovide ox all po1sible Je
than ee methd
) here
for valuatiom an asyets h e aaoUnlari
sheuld chose he methad which Jeacl to
AoweY vaue
Dted
3 . 0 9 . /

Accountirg_Eguatiom

doc1rmed ae the {orndastion

7Soce
al acountirg recovdy. hey rovide
a a b o t f _ b u s n ey Trarnc
detaj inoy matiev
_avidence C erdrie) Im_he
cAnd aae be orgmd
accoumt. hey may
booRs of
YOm whm oT ousde imhe un
bwne
Cgamixttwn.

The eco he busIneA 7rad

jmboo k oaC ult_ jy_am accoumd
equatiom. Abumes nees e owce hs
to upfplied to he busine
O Wce have
deyowr ce by
by the
he
by
uime
Apmeome._he
_ane
Rmounaa aset me

unce uplicd to bustne ane *now

as Capta or Owme euty. The reo
rovided by he outder>_e Rmowmy
inbilte
Aet Liabiltie+Capta

ra-ples
ihro--5tavted busimey wrth cah FloL
Jarn2Purchased cods pr / L
Jn3Pwrchased wrnrtwep SodOOO
Jom So goods or L
Jan5 Pmchased goods prowm Hari75po0
aonbSod goods to Mhan -2L

Assets Liabiliies Caprlal

Jan- 10LCA) t/o L (c)
Jan2 (P)-1L() L 1o L (C)
1oLCA)=2 L_(c)

um- loLA)E Soooo ( Soooo (C) = L4 1oI CcI

lo L (A) -L /o CC

Jan- 10L (A)-2L (C)+2L() L +loL ()

-

loL (P)- L+ loL CC

Tun-S- to L (A)75oc0 (P)= 2so0o l o L (C

o95o0o () 75ovo t loL(O
Vam-6l075ooo /2L (S/+)2 (h)=25000 4lbLo
l7500o(A) =s000 1o L CC)