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accounting theory & practice, Accounting Standards
procedure followed in govt.system of accounting in india
Posted Date: 3/29/2013 2:24:55 AM | Location :
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Journal - accounting process, Journal is an every days record of business t...
Journal is an every days record of business transactions, this is also termed a 'Day Book' and is used for recording every day transactions in the order wherein they arise. It is
Trading account, Trading account is ready to ascertain the Gross Profit and...
Trading account is ready to ascertain the Gross Profit and Loss of a firm; here Gross Profit is the excess of total revenue over cost of goods sold as the credit side of the tradin
Retirement, 2. Now assume that you have been asked how to account for the d...
2. Now assume that you have been asked how to account for the destroyed drilling operation in the Gulf of Mexico in terms of the destroyed rig and lost natural resources. For the p
Current assets, Current Assets These are assets that will normally be ...
Current Assets These are assets that will normally be converted in cash within a year or inside the operating cycle. The operating cycle is the duration in time considered by
Lease, why Accountant prefer commercial substance than legal form?
why Accountant prefer commercial substance than legal form?
Explain the meaning of social accounting, QUESTION Social accounting is...
QUESTION Social accounting is a way of measuring and reporting on an organisation's social and ethical performance. It is principally concerned with offering a complementary fo
Intangible assets, These are assets or things of value without physical dim...
These are assets or things of value without physical dimensions. They cannot be touched; they representing intrinsic value without material being and they are incorporeal. One of t
Difference between gross profit and net profit, 1) List every item debite...
1) List every item debited or credited in the Profit and Loss account. 2) Illustrates the difference among Trading Account and Profit and Loss Account. 3) Illustrates t
Stockholders'' equity, a.Compute the number of preferred shares that were i...
a.Compute the number of preferred shares that were issued during 20X6, which is Preferred stock, $100 par value, 10% $580,000 $500,000
Objectives of final accounts, Objectives of final accounts describe ...
Objectives of final accounts describe Final Account; know their objectives and preparation of Trading and Loss and Profit Account; find out the difference among Trad
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