Accrual Concept Theory
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Profit arises only out of business operation when there is an increase in the owner's share of the business and not due to his contribution to the business. Any increase in owner's equity is called revenue and any reduction in it termed as a loan. In fact, it is the direct outcome of Realization Concept (already discussed) and the Accounting Period concept.
Dettagli
- Data di pubblicazione
- Feb 13, 2013
- Lingua
- English
- Categoria
- Istruzione e Lingua
- Copyright
- Tutti i diritti riservati - Licenza di copyright standard
- Collaboratori
- Di (autore): Homework Help Classof1
Specifiche
- Formato