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Q. Explain accounting structure?
The accounting structure of a profit seeking business is an information system designed to provide relevant financial information on the resources of a business and the effects of their use. Information is significant if it has some impact on a decision that must be made. Companies present this significant information in their financial statements. In organizing these statements accountants consider the users of the information such like owners and creditors and decisions they make that require financial information.
Since a background for studying accounting this Introduction defines accounting and lists the functions accountants perform. Additionally to surveying employment opportunities in accounting it differentiates between financial and managerial accounting. For the reason that accounting information must conform to certain standards we discuss several prominent organizations contributing to these standards. As you keep on your study of accounting in this text accounting is the language of business that will become your language also. You will understand that you are constantly exposed to accounting information in your everyday life.
5 modern accounting techniques
As of 2005, consolidated financial statements of listed companies in the European Union are required to be prepared in accordance with IFRSs. Complete the following accounting p
Accounting Concepts: The dual aspect principle has specific relevance to balance sheet. According to this principal, every transaction is concerned as one that has dual ef
3. Solve the following Linear Programming Problem using Simple method. Maximize Z= 3x1 + 2X2 Subject to the constraints: X1+ X2 = 4 X1 - X2 = 2 X1, X2 = 0
Explain the procedure followed in government system of accounting in india
Current Liabilities We have studied about liabilities are claims of outsiders against the business. Conversely, these are amounts owed through the business to people who have
Applicaion of Specific And General Loan
Question : (a) One of the characteristics of an agent is "proactiveness". Briefly explain the effect of this characteristic. (b) Give an example of a purely reactive syste
Q. Accounting Education Change Commission? Accountants in practice as well as business executives have generally been dissatisfied with accounting graduates' capability to thin
Journal is an every days record of business transactions, this is also termed a 'Day Book' and is used for recording every day transactions in the order wherein they arise. It is
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