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An accounting perspective Business insight
Accounting is essential for all three types of business organizations and every company must follow generally accepted accounting principles (GAAP). As corporations have such an important impact on our economy we use them in this text to illustrate basic accounting principles and concepts.
Though corporations constitute about 17 per cent of all business organizations they account for almost 90 per cent of all sales volume. A Single proprietorship constitutes about 75 per cent of all business organizations but account for less than 10 per cent of sales volume.
Other than the Parsimonious forecasting approach, what other financial forecasting approaches are there? Other than the Parsimonious forecasting approach, there are a number of oth
what are the limitation
Implication of applying accounting concept wrongly
Q. Goal of financial reporting? The second goal of financial reporting is to provide information to help present and potential investors and creditors and other users in assess
How do your calculated stock prices compare to the company's present stock prices? What do you think is causing them to deviate? This will need you to investigate a lit
Inflation Accounting: It is related along with the adjustment in the value of assets that is current and fixed and of income in the light of changes in the price level. In a
Q. Define about Assets and Liabilities? Assets are feasible future economic benefits obtained or controlled by a particular entity as a result of past events or transactions.
Ledger is said to be the principal book entry and the transactions can even be directly entered into the ledger account.” Elaborate and explain why journal is necessary.
Q. Maplehurst Company? Maplehurst Company manufactures huge spinning machines for the textile industry. The company had purchased USD 100000 of small hand tools to utilize in i
Define Accounting. Briefly explain the accounting concepts which guide the accountant at the recording stage.
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