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accounting basics, Accounting Basics
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Provision for taxation and proposed dividend in fund flow, Treatment of Pro...
Treatment of Provision for Taxation and Proposed Dividend: As preparing the Funds Flow Analysis, the treatment of condition for Taxation and planned Dividend is very significa
Inventory or incidental cost, While perusing medical practice, is the cost ...
While perusing medical practice, is the cost of supplies, for patients on site, considered as an inventory, or an incidental cost? With 2 million in sales the chemotherapy medicine
Business entity concept, In accounting we create a distinction between busi...
In accounting we create a distinction between business and the owner. All the records are maintained from the viewpoint of the business, quite than from that of the owner. An enter
Prepare a statement of funds, Q. Balance Sheets of a limited company are sh...
Q. Balance Sheets of a limited company are shown in figure as on 31 st December, 2008 and 2009: Taking into account the following additional information, give a statement
The ratio of __________ to __________ is an example, The ratio of _________...
The ratio of __________ to __________ is an example of a __________ ratio. A. quick assets; current liabilities; leverage B. cost of goods sold; total assets; asset utilization
Workers compensation insurance, Workers compensation insurance Workers...
Workers compensation insurance Workers compensation insurance provides protection for employees who suffer a job-related illness or injury. Entire cost is generally paid by t
Inventories and revenue recognition, Q. Inventories and revenue recognition...
Q. Inventories and revenue recognition? Management make a decision which inventory costing method or methods (LIFO, FIFO, and so on.) to use. As well, management should determi
A firm is evaluating two machines, A firm is evaluating two machines. The f...
A firm is evaluating two machines. The first costs $250,000 and will require annual maintenance of $30,000 per year for 10 years. At the end of 10 years, the salvage value will b
Show earned service revenue and received cash, Earned service revenue and r...
Earned service revenue and received cash As its first transaction in July Metro performed deliverance services for customers and received USD 4800 cash. This transaction improv
Explain periodicity assumption of accounting, Q. Explain Periodicity assump...
Q. Explain Periodicity assumption of accounting? As-per to the periodicity (time periods) assumption accountants divide an entity's life into months or years to report its econ
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