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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.
White Lightning Inc. report income from continuing operation before income taxes of $626,000 for the year ended 12/31/2004. During October of 2004, White Lightning elected to phase
Q. Explain about Trial balance? Trial balance -- at the close of an accounting period, transactions posted in the ledger areadded up. A trial or test balance sheet is prepared
on which shares pre acquisiton dividend received
Received and paid the telephone bill for $231 including GST
Q. Modifying conventions on Materiality? The Materiality is a modifying convention that permits accountants to deal with immaterial (unimportant) items in an expedient however
Question 1 What is cash book? Explain the different types of cash book 2 Prepare a trial balance from the following Particulars Amount Rs.
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Why to and by using in journal, trading a/c, p&l a/c and ledger?
exploration costs for mining companies are assts
Explain the process involved in accounting
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