) A concept is a theoretical idea forming a set of practices while a convention is a method or procedure accepted by general agreement. (ii) Accounting concepts are not based on accounting conventions whereas accounting conventions are based on accounting concepts. (iii) Accounting concepts are not internally inconsistent while accounting conventions are internally inconsistent. (iv) Personal judgment has no role in the adoption of accounting concepts. But for accounting conventions, personal judgment may play a crucial role. (v) Accounting concepts are established by law while accounting conventions are established by common accounting practices. (vi) There is uniform application of accounting concepts in different organizations while it may not be so in a case of accounting conventions.

Super ...nannayi manasilaki thannu... really appreciate...👍🙏

Nice Examples😀😁....and easy understandable also ..thank you🙏...

Really understandablee

Very useful..... Thku sir

Simply superb sir

സൂപ്പർ class

Nice class👏, thankyou sir🥰

Thank you 😊

Very nice presentation 👏✨

Really helpfull🙌

👏👏👏👏 nice class...

Sprrrr... Nice explanation👏

Thankyou bro

Super 🥰😍tnx

Thankuu❤

Accountancy knd pidichnvne thalli kollanm 😒😒😒😒

Helpfull

Simply superb

@learnerslive3507

3 жыл бұрын

Thank you..keep watching..

Nice presentation. Good example. എനിക്ക് നാളെ m com exam ആണ്. ബുക്ക്‌ ഒന്നും മനസിലാഞ്ഞിട്ട് ചുമ്മാ കേറി നോക്കിയതാ.... Very useful. Thanks 😍😍😍😍

Thanks you Very help full Love you bro

@learnerslive3507

3 жыл бұрын

Thank you so much..keep watching..

Nice representation

Helpful

Nice class

Wow

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Poli

👍👍

Nice one✌️

❤️🔥🔥

Sir Concept part 2 classile last 3 questions answer paranju tharamo

Answers 1 b

👌👌👌👌

😇❤️

Thanku sir❤️❤️❤️

@learnerslive3507

3 жыл бұрын

You are welcome..keep watching..

@ranitharaveendran7903

3 жыл бұрын

Sir ... Trial balance and errors affecting trial balance nte class onnu cheyyo

1-B 2-C 3-B

Tuition provide cheyyunnundo

Ques.no.3 answer C aano?

hlpfull... im sharng ths to my class group

@learnerslive3507

3 жыл бұрын

Thank you..keep watching and feel free to ask doubts, if any..

@lanazim1987

3 жыл бұрын

Depreciation Kurich video chhyumo

@learnerslive3507

3 жыл бұрын

Sure..

Eco anu

B c c

DISTINCTION BETWEEN ACCOUNTING CONCEPTS AND CONVENTIONS onnu paranju tharuvo

Plustwo classes idooo🙄

First view

@learnerslive3507

3 жыл бұрын

Thank you..keep watching..

A businessman purchased goods for ` 25,00,000 and sold 80% of such goods during the accounting year ended 31st March, 2017. The market value of the remaining goods was ` 4,00,000. He valued the closing Inventory at cost. He violated the concept of?

@Akhilsuraj

3 жыл бұрын

Pls reply with explanation.....

@99nafih

2 жыл бұрын

Prudence or conservation principle

@Muhammedfarooq1234

7 ай бұрын

Cost concept

Examinu exam mathram orma vannollu😅

Nice class