Conventions in Accounting

A free video tutorial from Arpita Banerjee
Accounting and Tax Expert with 10 Years of Professional Exp
4.5 instructor rating •
1 course •
1,806 students
Learn more from the full course
CPA - Regulation - Property TransactionsAn Introductory Course to Start Your Preparation For CPA Certification
31:49 of on-demand video • Updated November 2017
- Understand the concepts and apply the same to solve questions.
- Pictorial representation will help the students grasp and remember concepts for a long time
- Preparing to grasp other vast details and interrelated concepts easily without getting confused
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Let's understand the conventions there's a Vigoda position is calculated for personal property the half you can mention that is the half your position will be calculated in the yard of acquisition and disposal. And for mid-quarter convention more than 40000 of these if acquired during the last quarter of the year. One needs to use the mid-quarter convention.