Ree eg ea ea Advantages of ACCauxsi ng ? Ne Cingtions- AS pea arnerica Accowating -__1) mointain ar Business ae wy -_3) Pre.panaiion of financial —stalemenes '—A) Companison. cal oe. 4) Decision “eating 3) Goud idence i Gout, Be dill Ploeg end Conic Openntion aoe 2 “Taxation blems, ae Be 8) Valuation oe. eects £ fA) Maintains of business record $i-—____— All financial _Fromsactions- awe xeCoaded na Systematic reasnex wr books of accounts 40 that there _is | no_need to om ONL _rnexnowy. HAMS P eee A. Bngere _acCond 6 enable the aCcauntent ss Prepare the Cinoncial Stakemears - -faading Od Grofit and loss accaont io GUculate i Pyotire ox loss dosing a Paaticolas aceaunt Periad. 3 Gone a reg pot “hosiness Tanke i. 4 ppitene moe sah \ = : sons to Koon —the the. _ significant 5 t th oer u 5) Good idence in —_Cavyrts += fete tet sea Recexds of busine. FRansackons ase heated as stislaciory evdene = yw Courts of lav. i : 6 Plasuing apa _cestast operation paigihngsei AN Plawaing cecal = lik eg ee ae ae an hak _inkorrnation — 4 Te Nena 4 ¢- . oo ee “Tq i Gehlevessh oP kacasion ; yexcosic ynalweerance. OL record is a bia ao : 2M mn of hvsraess 2 pe eal dea = im a camper cay enable. a business unit to _ L 5 ——dekemine the —qackase ax dale pyice wna simple wnonnes: > yO) @ foe UI A eA eei 2) Explain in detafl alt accouutng Concepts 4 And _Cativentions - it = > Accounting Concepts. - ; 1) Business emdity concep} wh 9) Money “MeEoasosement _Guncepts 3) Geng” Concean _Onncepts = 4) _Cosr. Concepts é ae sie S oo) Duk = asvect Concep } a oie measurement -Condept Ft) RenliSation Concep} seeseen. — Seuaauianed _¥)_Makchy ncep + So eet” Ng gf . S)I-4 “ccaual’ concep | Busse enity toveeph. —Treats the E [business and its_oomex a: sae entities. ae La Aine men dexe Goch pe es i Only inencac finns ibe pute and Barn Je 8 Galore 4) @st Concept r- : ‘ = _oxgimal cos te - 5) Dual as fa — dyad _Pspeck Concept Even wremsaiction aftects lon = lee aed i * Assets = /ighiVies 4 Equity crea cosh is received om Qaid . “Bxpen thould be ynaleh to\\n__ the mevenves they. ici —i Consesvalist Q Gusisteny 3)_Mmeteaiality 2 Disclosvze.- ie sag aN Reed | en_in_dobvb} , 2eGoxd lexpenses and. Hiolalities but net revenue arr assers- 3) Consistency 2 =e ied ; A 0 53 Mnateaiality Oe ar aa IY ransaetons ox ___ipSosamatio n_shak Cox nl 2 n> § selluence decision iD Digclasy we: teense “AN necessary infor mation _ ee edad ay ke ae ee eeety = 3) Explain the Chaat of _accoumbing _p2ace 46 Tioucher 2 5 cep SUPP aad rE WE cateates tanh inne Qkted.: worcher __ Fo _exarnf\es_ “cash raerno’ received Cran supplier Of geods is he vouchex of goods evarlaase. fox cash. Vouchex reveals delailed infoxtnation aboot sxe Aremsadiion,.on the - basic of Voucheaa _ he. ewiries axe seCaaded. ‘in _ She Tovanal and Gobsidiavs hooks: i ij. pSox xeveals detailed “whosrmation aloous the — fon \ 903 06 The trangaction. +e. i : - 2Conomi c aval pen ZacHon ofc. _ ___3) Journal and sererd.. tn sylosidion Aa = Busines Amanadions are. retarded Cast’ tn the _joumm ; echA Bohis and account} fe findag our dhe Wet Prolt. Ralonce shee is _prepased “Gor the Rimamcial Position of