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Q. Example of horizontal analysis?
Several companies have been restructuring their organizations and reducing the number of employees to cut expenses. AT&T, General Motors, IBM and numerous other companies have taken this action. One could enquiry whether companies place as much value on their employees as in the past. In prior years it was common to see the following statement in the annual reports of companies our employees are our most valuable asset. Companies aren't permitted to show employees as assets on nether balance sheets. Do you believe they should be allowed to do so?
What you have learned in this section is basic to your study of accounting. The whole process of accounting is based on the double-entry concept. Section 3 describes that adjustments bring the accounts to their proper balances before accurate financial statements are prepared.
explain the 5 modern techniques of accounting
define accounting. Briefly explain its concepts
An asset or account of borrower, which has been classified by a bank or financial institution as sub-standard, doubtful or loss assets as per the guidelines issued by RBI. An
Q. Accounting systems from manual to computerized? The manual accounting system with merely one general journal and one general ledger has been in use for hundreds of years and
The process of adjusting the bond interest expense account for any premium or discount is called amortization of the premium or discount
Determine the Income Statement columns of Worksheet Income Statement columns of the worksheet would comprise the amounts from Adjusted Trial Balance columns which are expenses
The magnitude of operating leverage for Perkins Corporation is 3.4 when sales are $100,000, if sales increase to $110,000, profits would be expected to increase by what percent?
Maryanne was looking to purchase a local business that sold coal jewelry to tourists along the interstate. The present business owner instructed his accountant, Jane Sane, CPA, to
A bond sinking fund investment is started on January 5, 2010, by transferring $10,000 in cash to the fund. This $10,000 is invested and earns $1,100 during 2010. The entry to rec
On December 31, 2013, a company issues bonds with a par value of $600,000. The bonds mature in 10 years, and pay 6% annual interest, payable each June 30 and December 31. The bon
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