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Cost sheet-orientation, Accounting Basics
Cost sheet is sheet Where all the cost should be recorded which related to the produc.
Posted Date: 4/1/2013 6:11:49 AM | Location : United States
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What is factoring?, Selling the rights to the quantity owing by debtors to ...
Selling the rights to the quantity owing by debtors to a finance company for an agreed amount (which is a lesser amount of than the figure at which they are recorded in the account
Cost concept, The resources as machinery, property, buildings and land righ...
The resources as machinery, property, buildings and land rights etc. such a business owns are termed as assets. The money values allocated to assets are derived from the cost conce
Prepare a multiple-step income statement, Prepare a Multiple-Step Income St...
Prepare a Multiple-Step Income Statement based on the information presented in problem 4 above. Answer :
What is effective collection?, Its depends on the credit period of the comp...
Its depends on the credit period of the company i.e. A company credit period 30 days 85 of the debtors collection should be recovered with in credit period. We can say the Effectiv
State the term- debits must always equal credits, State the term- Debits mu...
State the term- Debits must always equal credits To help understand Temporary Owner's Equity accounts. All transactions which affect owner's equity could be recorded in one
Inventory, 20 hypothetical inventory transactions both sale and purchase
20 hypothetical inventory transactions both sale and purchase
Establishing the change fund, Establishing the Change Fund Change Fu...
Establishing the Change Fund Change Fund (asset) is debited and Cash is credited. Only time this fund would be used is if the fund is established or increased, just like Pet
Describe about adjunct account, Q. Describe about adjunct account? The ...
Q. Describe about adjunct account? The Transportation-In account files the inward freight costs of acquiring merchandise. Transportation-In is an adjunct account in that it is
What is transposition or slide error explain, Q. What is transposition or s...
Q. What is transposition or slide error explain? When the trial balance doesn't balance try re-totalling the two columns. If this step doesn't locate the error divide the diffe
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