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Financial Accounting by P. C. Tulsian

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APPENDIX III

IMPORTANT SHORT NOTES

Write short notes on the following:

  1. Business Transactions.
  2. Revenue.
  3. Equity.
  4. Meaning, Functions and Limitations of Accounting.
  5. Accounting Policies.
  6. Generally Accepted Accounting Principles.
  7. Accounting Entity Assumption.
  8. Monetary Unit Assumption.
  9. Accounting Period Assumption.
  10. Going Concern Assumption.
  11. Revenue Recognition Principle.
  12. Duality Concept Principle.
  13. Cost Principle.
  14. Matching of Cost and Revenue Principle.
  15. Full Disclosure Principle.
  16. Objectivity Principle.
  17. Materiality Principle.
  18. Consistency Principle.
  19. Conservatism Principle.
  20. Special Purpose Subsidiary Books.
  21. Cost of Goods Sold.
  22. Users and their need for Accounting Information.
  23. Floating Assets.
  24. Wasting Assets and Intangible Assets.
  25. Grouping and Marshalling ...

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