Today p3 learn accounting concept....
all mux b prudent, b careful
profit dun overstated but loss mux b stated...
coz if no get so much profit, u will KENA!!!
n loss always is a hardly accept fact...
all wan more $$ ma
sooo b careful y... prudent prudent...
dun get KENA!!!
Going Concern Concept
the MAIN word in it is FORESEEABLE FUTURE
accountant hv 2 foresee d business period,
so if an accountant dun wan2 b an accountant,
he or she can b devine teacher
same group same treatment
all SAME la
n consistent.. yea...
dun simply change change ya,
or else u r d 1 turtoring yrself!!!! hahass~~
1 to 1, 2 to 2, 3 to 3,
dun get confuse n dun get mix!!!!
Seperate Determination Concept
cant simply net this n that,
receivable cant minus payable,
my $$ cant b used 2 pay yr debts,hahass~~
Historical cost concept
COST is important
learn frm history!!!
Money Measurement Concept
$$ is ALL!!
Business Entity Concept
companyt is not u
dun gt confuse^^
u is u, company is company,
these r wat i learned jux now...
n wat i prescribe..