Audit Reports, Accounting Basics

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Why it is important for independent auditor to be a member of a professional body?

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Audit Reports, Why it is important for independent auditor to be a member o...

Why it is important for independent auditor to be a member of a professional body?

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Ratio Analysis : A 'Ratio' is  clear as an  arithmetical/quantitative/ numerical relationship between two numbers. Ratio analysis is a extremely significant and age old method of f

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Process Solutions provides a computer-based document processing service. The accountant has produced the following analysis.   Standard Modifi

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1. For each of the following accounting assumptions/principles, explain a business transaction:   (a) Accounting Entity Assumption (b) Going Concern Assumption (c) Matching Prin

Inventories and cost of goods sold, Inventory is habitually the largest and...

Inventory is habitually the largest and most important asset owned by a merchandising business. The inventory of some companies similar to car dealerships or jewellery stores may c

Common size financial statements, Common size Financial Statements:   ...

Common size Financial Statements:   Below this process, the total of the tasks side and the total of the possessions side of a Balance Sheet are taken as 100 and each item in

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A baker makes 500 cream-filled eclairs at a cost of $0.72 each. He estimates that 10% of the eclairs will be sold the following day at a reduced price of $0.80 each. Find the mar

Revenue recognition, Revenues from the theatrical supply of motion pictures...

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