) 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.

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Sir Concept part 2 classile last 3 questions answer paranju tharamo

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

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സൂപ്പർ class

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@learnerslive3507

3 жыл бұрын

Thank you..keep watching..

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@learnerslive3507

3 жыл бұрын

Thank you so much..keep watching..

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Poli

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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..

Answers 1 b

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@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

DISTINCTION BETWEEN ACCOUNTING CONCEPTS AND CONVENTIONS onnu paranju tharuvo

First view

@learnerslive3507

3 жыл бұрын

Thank you..keep watching..

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Eco anu

B c c

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

1-B 2-C 3-B

Examinu exam mathram orma vannollu😅

Nice class