Return to Mind Map Gallery

Accounting Related Concept Map

Accounting Concepts
Accounting entity
Going concern
Accounting period
Money Measurement
owner & the business are not the same
owner's private expenses are treated as drawings
owner is treated as only as a creditor of the business
business will continue for an indefinite period of time
business will not dissolve in the near future
Accounting year may be calendar year/financial year
only record transactions which can be expressed in terms of money
150 1 1
author Surekha V S
A mind map about Accounting Concepts. The term "accounting concept" refers to the fundamental presumptions, guidelines, and concepts that serve as the foundation for documenting corporate activities and creating financial statements. This idea presupposes that the commercial enterprise and its owners are two separate autonomous entities for accounting purposes. In this map, there are 4 relared concepts of accounting. In EdrawMind gallery, you can get more templates related to finance or other topics in the study, work, and life.
Similar Mind Maps
Outline