true

Take Class 11 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

The Verifiable Objective Concept holds that accounting should be free from personal bias.
Measurements that are based on verifiable evidences are regarded as objectives.
It means all accounting transactions should be evidenced and supported by business documents.
These supporting documents are:
1. Cash Memo
2. Invoices
3. Sales Bills, etc.
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 Like 0 Dislike

Follow 0

Other Lessons for You

feed your brain to improve concentration

1. never try to study when you are pysicslly weak.if your brain is not fresh enough you cannot concentrate. 2. drink lots of water to keep your brain fresh. 3. just before every learning session drink one glass of water

Elizabeth Chalumkal Jose

0 0

Magu matthu hannugalu - Shabdhartha

Sandhya

0 0

Jaliya Maradante - Shabdhartha

Sandhya

1 0

How To Record Sale Of Services On Account In Quickbooks?

Keeping track of sales is a critical need for any business, and the QuikBooks accounting packages allows for easy tracking and accounting of the sales and payments made. Sales can be recorded by creating...

Khushboo B.

1 0

Equation Of A Straight Line

The line equation passing through A (a, b) and B (c, d) is equal to = (x - a)(b - d) - (y - b)(a - c) = 0. For example: line equation passing through the points (1, 1)and (0, 0) is = (x - 1)(1 - 0)...

Vijaya Kumar Jayanthi

1 0

Find Class 11 Tuition near you

Looking for Class 11 Tuition ?

Learn from Best Tutors on UrbanPro.

Are you a Tutor or Training Institute?

Join UrbanPro Today to find students near you

Class 11 Tuition Questions

What will be the effect of change in income on giffin goods and normal goods ?

7 Answers

I have registered as a home tutor but i am not getting any messages.

6 Answers

What is the difference between amalgamation and absorption?

5 Answers

what is the home tution fee per hour per subject of class 11th and 12th commerce?

13 Answers

What is the difference between Bad debts and bad & doubtful debts. What are the legal compliances...

7 Answers

Looking for Class 11 Tuition Classes?

The best tutors for Class 11 Tuition Classes are on UrbanPro

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

Migrate

Class

Subject

Chapter

Migrate to

Concept Solution

Migration Successful

Take Class 11 Tuition with the Best Tutors

The best Tutors for Class 11 Tuition Classes are on UrbanPro

I am a Student I am a Tutor
Name*	Please enter your full name. Please enter institute name.
Email*	Please enter your email address.
Phone*	Please enter a valid phone number.
Location*	Please enter a pincode or area name.
City*	Please enter city name.
Category*	Please enter category.
Gender*	Male Female Please select your gender.
Email ID/ Mobile No.*	Please enter either mobile no. or email.
Enter Password*	Please enter OTP Please enter Password Sorry, this phone number is not verified, Please login with your email Id.

Introduction To Accounting: Part 19: Verifiable Objective Concept

The Verifiable Objective Concept holds that accounting should be free from personal bias.

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

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

These supporting documents are:

Cash Memo

Invoices

Sales Bills, etc.

These supporting documents provide the basis for accounting and audit.