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Consumers and others: Consumers' organizations, welfare organizations, media and public at huge are also interested in condensed accounting information so as to appraise the efficiency and social responsibility of the enterprises in various sectors of the economy, that are: what levels of profits and outputs are being attained, in what manner the social responsibility is being discharged and in what way the growth is being planned through the enterprises in-accordance along with the national priorities and so on.
The above discussion perhaps has pointed to you that the information requirements of the various users may not essentially be the same. Occasionally, they may even conflict and done with each other. In any condition, the objective of accounting information is to enable information users to create optimum decisions.
The beginning capital of the business totals $4,000. If the net income for the period totals $14,000 and the withdrawals by the owner total $3,000, what will be the new capital b
What is the latest change taking place in the accounting world that will make a big difference to the way accountants prepare accounts?
began his business with equipment valued at $40,000 and place $400,000 in the business checking account. what are the accounts affected?
Wings Inc., a software development firm, has stock outstanding as follows: 25,000 shares of cumulative 1%, preferred stock of $40 par, and 50,000 shares of $120 par common. Durin
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
Weighted-average under periodic inventory procedure the weighted-average method of inventory costing is a income of costing ending inventory using a weighted-average unit cost. Com
Concept of Conservatism: The concept of conservatism, also termed as the concept of prudence, is frequently stated as "anticipate no profit, give for all possible losses". It
how do i prepare a multilevel and single step income statement
What are steps to explain supplier? Ans) Supplier should follow the check list. 1 He should make confidence in the client mind 2 Services to be completed (fulfilled in tim
Cartwright inc has $1,000,000 of 10% bonds outstanding on December 31, 20x8. On January 1, 20x9 adams corp and 80% owned subsidiary of Cartright, inc purchases a $250,000 part of c
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