ACCOUNTING CONCEPTS AND CONVENTIONS |UGC NET| COMMERCE | TAMIL

this video is about accounting concepts and conventions which are explained in tamil language

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[edunaire]

Thanks for supporting, link for the notes attached below.

[sanjayb]

1. Business entity concept:

Business is different from owner
Eg: drawjng a/c, capital a/c

2. Going concern concept:

No end for business

3. Money measurement concept:

Only money involved transaction are recored

4. Dual aspect concept:

For every debit there is equal and corresponding credit

5. Accounting period concept:

1st april to 31st march

6. Cost concept

Assets are recored at price paid to acquire team.
7. Realisation concept:
Revenue considered as earned on date when it is realised.

8.accural concept:

Only accured income and expenses are recorded

9. Matching concept:
Matching of cost with revenue to find out the current year profit.

10. Objective evidence concept:
Maintenance of bill or receipt as evidence


1. Full disclosure:
No hiding in any disclosure

2.consistency :
It helps to prevent comparability and reliability of finacial statement

3. Materiality:

Relative importance eg: genera expense: water bottle + snacks

4. Conservatism
Creating provision.

[saasthaajv]

I passed net exam because of your videos mam thanks 🙏🏻

[reshmam]

Sis it's very useful plz put more videos for ugc net commerce and involve more tips for net exam

[sangeethamehanathan]

hi mam.. romba days ah video kanom...now I am happy because watching your video...very useful mam...

[indhumathiv]

Thank you so much mam🙏🌹clearly understood mam🙏🌹super mam👍👏👌expecting more videos like this mam🙏🌹

[kuttybanu]

It was simple and understandable mam. Thank you mam.

[sivanikabhoomi]

Thank you🙏❤ very much. It's really useful.

[sanjanasundaran]

Thanku so much for your class...really appreciated ❤

[aruneditsandcreations]

Thank you for your information madam 🙏🙏🙏

[MomohKargbo-cx]

Thank you so much, it is easy and simple

[rajandsp]

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[midhuns.b]

Reddy and Shankar financial Accounting Sums ella explain pannuga.. Mam

[MomohKargbo-cx]

Thank you so much it is easy and simple😂

[pavithra]

Mam super explaination pls put more videos in relevant subject mam journal ledger sales book topic you should explain mam pls

[sundhari.a]

Essential features oru accounting principle what meaning