Accounting Conventions

Accounting Conventions are the basic guidelines for the implementation of accounting rules & regulations. Accounting conventions are very important which provide guidance to accountants to report everything which is necessary, use similar methods of calculations for same events, disclose completely before company. Accounting conventions guides the companies and accountant while preparing financial statements.

The net payoff can be defined as the total loss or profit occurred to an individual or a business entity received after the sale of a product when the cost of production and the accounting losses have been subtracted from the total sales of

Market Discount

The market discount can be defined as the discount offered on the bonds in secondary market. Market discount is actually the difference between the stated redemption price of the bond and the purchased price of the bond that is actually offered in the secondary
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