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My Accounting Books for O & A level Cambridge Students is ready. These books are available in Find & Pick Store at BDT-345/- only or contact: 01676514507.






My Accounting Books for O & A level Cambridge Students is ready. These books are available in Find & Pick Store at BDT-345/- only or contact: 01676514507.







A brilliant result of some students (O & A-Level ) in January 2020









    O/A level study resource,CTG provides you Accounting Basic and solved past paper.
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O/A level study resources, CTG


Solved Manufacturing A/C
Question:

Ans:


b)The costs are clearly classified for each unit of production, are called direct costs.

 c) Example - Production wages.



Question

 Ans:

Practice Materials BDT 350/-





Accounting Concepts & Principles



i.Cost concept:

It means recording all non-current assets at cost price.

ii. Business entity concept

It means to maintain a separate set of accounts for owner’s transactions in a business

iii. ongoing concern

  It is assumed that the business is continuing for a long period of time

iii. money measurement

It means to record only the transections which are measured by money.

iv. Consistencies concept

 It means to continue the specific method for the following accounting period of time.

v. Prudence concept

It means that profit is understated, but the loss is overstated.

vi Accrual/matching concept

It means to record all incomes and expenses for a specific period of time when theses incurred to calculate accurate profit or loss of a firm.

vii. Realization concept

It means to record the income after getting acceptance from customers.