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Determine in brief about the SALES ACTIVITY Just as merchandizing businesses follow specific procedures to process and record purchases, they follow numerous procedures to proc
difference between credit and debit
Q. Cash collection as point of revenue recognition? Several small companies record revenues and expenses at the time of cash collection and payment which may not take place at
Q. What are Accrued items explain with example? Delayed items consist of two types of adjusting entries asset/expense adjustments and liability/revenue adjustments. For instanc
A swap valuation method which involves summing and computing the present value of each and every future net settlement and would be required by the contract terms either future s
wat is assets and its types?
Q. Explain about debits and credits? Accountants utilize the term debit instead of saying place an entry on the left side of the T-account. They utilize the term credit for Pla
got 1 question for accounting for business its a 25 min question? can you help in this?
Materiality Concept: There are several events in business that are trivial or insignificant in nature. The cost of reporting and recording such events will not be justified th
For earnings management, is impairment of goodwill easier to manipulate than impairment of PPE?
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