Online business & income

 Dear students, Take my love.  From 1st October i want to start my new batch for accounting & Finance online class. Interested students my contact for details Nazrul sir 0088 01537 633780(whatsup) https://www.facebook.com/groups/465238042254524/

  Accounting Principles are sometimes refer  concepts and conventions.   Acc ounting Concept: Accounting concept is the rules which lay down the way the activities of a business are recorded.   Or, accounting concept may be defined as an idea. Thus, an accounting concept is an assumption the underlies the preparation of the financial statements of the organization. Or, a concept is a rule which sets down how the financial activities of a business are recorded. A Convention is an acceptable method by which the rule is applied to a given situation.   1.      The going concern concept implies that the business will continue to operate for the foreseeable future. In other words , it is assumed that the business will continue to trade for a long period of time.   2.      The consistency concept requires that the same treatment be applied when dealing with similar items not only in one period but in all s...