Take Class 12 Tuition from the Best Tutors

  • Affordable fees
  • 1-1 or Group class
  • Flexible Timings
  • Verified Tutors

Search in

Introduction To Accounting: Part 19: Verifiable Objective Concept

Nishant Kumar
28/06/2017 0 0
  1. The Verifiable Objective Concept holds that accounting should be free from personal bias.

  2. Measurements that are based on verifiable evidences are regarded as objectives.

  3. It means all accounting transactions should be evidenced and supported by business documents.

  4. These supporting documents are:

    1. Cash Memo

    2. Invoices

    3. Sales Bills, etc.

  5. These supporting documents provide the basis for accounting and audit.

Audit: It is an official inspection of an organisation’s books of accounts, typically by an independent body.


0 Dislike
Follow 0

Please Enter a comment


Other Lessons for You

Living with Concepts
Always it is a complain from many students that they do not remember concepts taught and learnt as time progresses. Even exceptional students also falls pray to effect of time fading. The tip which i generally...

Babu T

0 0

Drift Velocity Vs Thermal Velocity (Current Electricity)
Drift velocity: When a conductor is connected to a battery, free electrons move with a net speed which we call drift velocity. It is very small of order 10-4 ms-1 which is very small. So, we can conclude...

Lesson 1: Multiplication Trick: Multiply Quickly Without Any Error
Vedic Maths: Multiplication tips and tricks Introduction : Founder of Vedic maths is Swami Bharti Krishna Tirath jee Maharaj who was a great saint. With the help of these tri Nikhilam Sutra(Base...

Maths Classes Tuition Teacher BBA BCA IB ISC IGCSE Advance Mathematis
Math Tutoring Success Students spend 50% of their waking hours at school or doing homework, and something that occupies such a large amount of time inevitably plays a big role in their happiness. School...

Positive thinking make your energy and your environment positive.Sometimes we are facing many problems simultaneously and some problems which are unexpected, we should be calm and try to solve them by...

Mohit S.

2 0

Looking for Class 12 Tuition Classes?

The best tutors for Class 12 Tuition Classes are on UrbanPro

  • Select the best Tutor
  • Book & Attend a Free Demo
  • Pay and start Learning

Take Class 12 Tuition with the Best Tutors

The best Tutors for Class 12 Tuition Classes are on UrbanPro

Book a Free Demo

This website uses cookies

We use cookies to improve user experience. Choose what cookies you allow us to use. You can read more about our Cookie Policy in our Privacy Policy

Accept All
Decline All

UrbanPro.com is India's largest network of most trusted tutors and institutes. Over 55 lakh students rely on UrbanPro.com, to fulfill their learning requirements across 1,000+ categories. Using UrbanPro.com, parents, and students can compare multiple Tutors and Institutes and choose the one that best suits their requirements. More than 7.5 lakh verified Tutors and Institutes are helping millions of students every day and growing their tutoring business on UrbanPro.com. Whether you are looking for a tutor to learn mathematics, a German language trainer to brush up your German language skills or an institute to upgrade your IT skills, we have got the best selection of Tutors and Training Institutes for you. Read more