Class XI NCERT Accountancy Text Book Chapter 1 Introduction to Accounting is given below.
Let’s Do It
Many People in today’s society think of an accountant as simply a glorified bookkeeper. But the role of an accountant is continually changing. Discuss in the classroom what really the role of accounting is?
1.2.1 Qualitative Characteristics of Accounting Information
Qualitative characteristics are the attributes of accounting information which tend to enhance its understandability and usefulness. In order to assess whether accounting information is decision useful, it must possess the characteristics of reliability, relevance, understandability and comparability.
Reliability
Reliability means the users must be able to depend on the information. The reliability of accounting information is determined by the degree of correspondence between what the information conveys about the transactions or events that have occurred, measured and displayed. A reliable information should be free from error and bias and faithfully represents what it is meant to represent. To ensure reliability, the information disclosed must be credible, verifiable by independent parties use the same method of measuring, and be neutral and faithful (refer figure 1.3).
Let’s Do It
Many People in today’s society think of an accountant as simply a glorified bookkeeper. But the role of an accountant is continually changing. Discuss in the classroom what really the role of accounting is?
1.2.1 Qualitative Characteristics of Accounting Information
Qualitative characteristics are the attributes of accounting information which tend to enhance its understandability and usefulness. In order to assess whether accounting information is decision useful, it must possess the characteristics of reliability, relevance, understandability and comparability.
Reliability
Reliability means the users must be able to depend on the information. The reliability of accounting information is determined by the degree of correspondence between what the information conveys about the transactions or events that have occurred, measured and displayed. A reliable information should be free from error and bias and faithfully represents what it is meant to represent. To ensure reliability, the information disclosed must be credible, verifiable by independent parties use the same method of measuring, and be neutral and faithful (refer figure 1.3).
"""यदि आप के घर में छोटे बच्चे है तो उन्हें इस साइट के बारे मेनी बताये इसपर उन्हें मिलेगा पढाई से रेअलटेड सभी चीज़े जैसे क्वेश्चन पेपर , नसरत अंसवेर्स इत्यादि.
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