Acc example sentences

As discussed in the preceding section, the Generally Accepted Accounting Principles in the form of Basic Accounting Concept have been accepted by the accounting profession to achieve uniformity and comparability in the financial statement.An account is debited or credited according to the rules of debit and credit already explained in respect of each category of account.All efforts made during this decade aim to reduce by half the number of people who do not have access to safe drinking water.According to Section 39 of the partnership Act 1932, the dissolution of partnership between all the partners of a firm is called the dissolution of the firm.The strategy focuses on increasing access, quality, adoption of states-specific curriculum modification, vocationalisation and networking on the use of information technology.Budgeting helps in optimum utilisation of resources by allocating them according to the requirements of different departments.No entry is made in the books of accounts since no liability is created by such issue.Since all the sales in these shops are made on cash basis, there are no losses on account of bad debts.By this time, the structure of the group has evolved and is accepted by group members.It reflects acceptance of the idea that the feelings of both are important.Posting from the purchases journal is done daily to their respective accounts with the relevant amounts on the credit side.” Ustad Bismillah Khan's life is a perfect example of the rich, cultural heritage of India, one that effortlessly accepts that a devout Muslim like him can very naturally play the shehnai every morning at the Kashi ishwanath temple.A part of AIS is Financial Accounting System, which is designed for processing accounting transactions.It is the summary of income and expenditure for the accounting year.According to her, each sex has attributes to be admired by the other, and neither sex can be viewed as superior or inferior.