Accounting Principles. Concepts & Conventions. Basics Part 1. B.com/BBA/ B.com(H) semester 1
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Anyone in bcom 🙋🏻♀️ 2024
Edit: OMG 🙀 400+likes& comments
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Me❤
Me also❤
Me also
Me🤣
Me
Accounting concepts and assumptions
1. going concern concept
2. accrual concept
3. consistency
4. business entity concept
5. money measurement concept
6. accounting period concept
7. Cost concept
8. Dual aspect concept
9. Revenue recognition
10. Matching concept
11. Verifiable objectivity concept
Accounting conventions
1. Convention of full disclosure
2. Convention of materiality
3. Convention of conservatism (prudence)
Accounting concept
Going concern concept
Consistency
Accrual concept
Business entity concept
Money measurement concept
Accounting period concept
Cost concept
Dual aspect concept
Revenue Recognition concept
Matching concept
Objectivity concept
Accounting conventions
Convention of full disclosure
Convention of materiality
Convention of conservatism
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CAG --
C - consistency
A- accural
G - going concern
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1.Going concern
2.Consistency
3.Accrual
4.Buisness entity
5.Accounting period concept
6.Money measurement concept
7.Revenue recognition concept
8.Dual aspect concept
9.cost concept
10.matching concept
cag:- C-consistency
A- accrual concept
G- going concern
Hey plz fy b.com video 🥺
CAG -> Consistency, Accrual And Going Concern Concepts...
Thank you sir I'm doing bcom 1st year semester 2 very helpful....
Sir u r d best teacher on TH-cam 😍👍har ek concept bahot achey se samjh aagayaaaaa .Thanku Soo muchhhhh
basic fundamental of accounting
going concern concept- it states that the business will go on for indefinite period there is no intention to shut business down or downsize its operations significantly
consistency concept- it states that all principles and methods of accounting should be used in a similar manner from one period to another period so that data reported in financial statement can be compared for one period with that of another.
accrual basis concept- it states that this concept recognises revenues and expenses as it is earned or incurred respectively ignoring the date of receipts amd payments. since, rent is outstanding it will be recorded in books of accounts.
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Same
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Thankyou so much sir 😊😊😊
Hi
really this video is so good, i easily understand the concepts. thank you so much sir for this video.....
Great job sir full support you
Going concern concept
Consistency
Accural
Business entity concepts
1. Going concern concept
2. Accrual concept
3. Consistency concept
I scored 98 marks in class 12th accounts, just because of you. I just want you to extend this series for sure.
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Your way of explaining is really appreciated. Even weak student can understand very easily with your explanation. Thanks a lot sir for doing a lot for us❤️❤️🙏🙏
accounting concept and assumptions:
1. consistency: is means the rule and regulations or concept and assumptions which are followed should be continued in use in future.
2.going concern concept: this assumptions says that once one start a business should be kept going and dont close until there is a a solid evidence to do so.
3. accrual concept: this says that the income or exp which is accrued should be recorded in that time period even if the the payment is done later.
Sir yr the best teacher keep growing like this sir amazing video sir....
Going concern concept
Consistency
Accurual concept
nostalgia... back after almost 5-6 months thanks sir for class 12 and this also🙂🙃
Going concern concept
Consistency
Accrual concept
Business entity consept
Going Concern concept
Consistency
Accural !!! Sir just because of you all these points become so easy to understand thank you Sir ❤
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Sir, aap jo examples dete ho wo bahoot hi relevant rhte h pura real life se related rhta h. Aur bahoot aacha se samjhate h sir. Thank u sir❤❤❤
Going concern concept consistency concept accrual concept
Now after completing my 12th with a legit Excellent guidance of you sir now im.here again for bcom
Such a inspiration u are !
Thankyou ❤️
Consistency concept
Accrual concept
Going concern concept
CAG=C=consistency ]A=accruel concept ]G= going concern concept this accounting assumptions important than three ❤❤🙂
❤️
BMGCDAMAROT - CONCEPTS ❤
I scored 96marks in 12th accounts because of you sir and I am sure that in BBA 1st year I score great marks too
From which college you're pursuing your BBA?
Cag consistency
Accrual
Going concern concept
Good evening sir 🙏😊😊
Your concepts are so clear ...... Ek baar mai hi samjh aaraha hai.... Sir aise hi please jaldi ROYALTY ACCOUNT bhi bata dijiye na
CAG
C-CONSISTENCY
A-ACCRUL
G-GOING CONCERN
Anyone from bba
🙋
😢
Yes❤
🙋🏻
Yes🙋
Cag -consistency,, acrrual, going concern
Cag=consistency concept,accrual concept,going concern concept
Thank u so much sir ❤
Hello
11:52 Going concern assumption, accrual assumption, consistency Seprate entity assumption. 🗿
Thanks sir 😊😊😊🙏
Thank you so much Sir.😀😀really app bhot accha padate ho.
CAG :- C -consistency
A -accrual
G-going concern
Full support sir 👌👌
CaC????
consistency,accrual, going concern concept, business entity concept
Accounting concept:-
1. Going concern concept
2. Consistency
3. Accrual Basis
Going concern consistently ACCRUAL CONCEPT BUSINESS ENTITY CONCEPT
I scored 96
marks in class 12th accounts, just because of you. I just want you to extend this series for sure.
Yes just bcoz of him i also scored 98 in eco😊
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I scored 93 in bst just because of him
1) Consistency
2) Accrual
3) Going concern
Any one in BBA
I am .. 🤞
Yah
Yes
Yess
Which college
cag = consistency,accrual,going concern businesss
Going concerns concept
Accrual concept
Consistency
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In April 2024😂
2024
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1 going concern concept
2 consistency
3 accural concept
Other assumptions
Business entity concept
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Consistency,Acrual, going concern
Anyone from MBA 🙋🏻♀️
First sem exams 😅
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subah 4 bje live aake padhana
din bhar consistently se baccho ke demand ke according video lana
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CAG-
C=Consistency Concept
A=Accrual Concept
G=Going Concern Concept
Anyone in September?
Yes me
1. Going concern
2. Consistency
3. Accrual 🙏🏻
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Yess
1.Going concern concept
2.Accrual concept
3.Consistency
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Yes🖐
I.....
CAG
Consistency concept
Accrual concept
Going concern concept
Accounting concept
Going concern concept
Accrual concept
Business entity concept
Sir aap aasa hi phadaya Karo aap sabsa best phadata ho. Thankyou sir
Consistently accruel and going concern
Going consern concept ,accorual consept , consistency
Nice explanation sir ji 😀
2.convention of materialisation=if any one things impact on our business that is materialisation .and if any one thing does not impact on our business so,it is dematerialisation .
Consistency,accural and going concern
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Consistency , accural , going concern 📖📖📖📖📖📖📖📚📚📚📚📚📚
CAG
C-consistency
A - Accrual
G-Going concern concept
Going concern concept, consistency, Accuracy
CAG = C : consistency
A : Accrual
G: Going concern
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Consistent concept
Accrual concept
Going concern concept
CAG - consistency ,accrual, going concern concept 😊😊
Going concert concept, consistency, accrual concept, business entity concept
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Going concept consistency accurual concept and separate entity concept
Going concern business.
Consistency.
Accural basis
accounting concepts and assumptions
1. Going concern concept
2. accrual concept
3. consistency
Thank you sir , bahot achcha explanation video thaa
Accounting Assumption (CAG)
1. Going Concern :- This assumes that the business will go on forever, that is, the business will continue for infinite time, and will not shut down untill there is a strong evidence suggesting its closure.
2. Accrual - This assumption suggests to record transactions the day it occurs, regardless of whether the money for it has been received or paid.
3. Consistency :- This principle suggest us to use the same Accounting policies and methods from period to period.
You teaching is best😍
1.Going concern concept
2.consistancy
3.Accural
4 .Basic entity concepts
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Accounting concepts and assumptions
Going concern - life time business
Consistency concept - follow same rules nd regulations
Money measure concept- terms of money only
Accural concept - income nd expenses take place in a particular period will be recorded in that year only.
Entity concept - business nd business man are different
Accounting period concept - business year iss divided in the short part ..nd review the performance of business after a period .monthly checking
Cost concept - value of everything is calculated on cost not on present value
Dual aspect -double entry system.
Revenue recognition concept - like accrual concept ..revenue record when it received .
3 fundamental assusmtion
Cag
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Wow. Sir kamal we understand betterly❤❤
Going concern concept , accrual concept, business entity concept , consistency concept .
Kiya baat hai sir itni useful information 😮
Convention of full disclosure
Convention of materiality
Convention of conservatism.
1. Going Concern concept : Going concern means are business is not close before you have a knowledge like your business close and unclose to you deside and it is a'' going concern concept ''