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Accounting conventions

Watch the video and then summarise what you have learned. An accounting convention refers to common practises which are universally followed in recording and presenting accounting information of the business …

What is goodwill?

Watch the video and then summarise what you have learned. Goodwill is an intangible asset that arises at the time of business acquisition when the price paid for the business …

What is cost accounting?

Watch the video and then summarise what you have learned. Cost accounting is the process of collecting information about the costs incurred by a company’s activities.

Accounting principles

Watch the video and then summarise what you have learned. Accounting principles are essentially general guidelines that you should follow when recording and reporting accounting transactions.