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Question 1 Write short notes on following-
Question 2 Explains any five accounting concepts
Question 3 Show the accounting equation on the basis of the following transactions and present a balance sheet on the basis of the ending equation in the books of M/s Sukumar
Question 4 What do you mean by Adjustments? Explain any four common adjustments with example
Question 5 Explain the meaning of ledger
Question 6 Explain the meaning and importance of journal
Question 7 What is bank reconciliation statement? Explain purpose of bank reconciliation statement along with causes for the differences
Cash Forecasting and Budget: It is used to get an idea of what a cash forecasted budget any might expect to earn in a fiscal year. You take last year's expenses, increased by
a) On 1 st January 2010, Grimm issued 400,000 convertible £1 6% debentures for £600,000. The professional fees associated with the issue were £40,000 and the fair value of simil
You have $20 to spend on high quality pens and low quality pens. High quality pens cost $5 each and low quality pens cost $2 each. (a) Suppose that you will spend your entire
What is risk aversion? If common stockholders are risk averse, how do you explain the fact that they often invest in very risky companies? Risk aversion is the trend to avoid add
What are the main implications of ownership rights by equity claims? Ownership rights have two primary implications: a. First, equity holders can advantage by any raise in t
If a credit manager experience no bad debt losses over the past year. Would this be an indication of proper credit management? Why or why not
It is a long-term call option to purchase common stock at a specified price.
How can an industrial company inflate the value of its inventory so as to decrease net income and the taxes is has to pay that year? If a company increases the value of its inv
Geographical Classification of Mutual Funds : Nations' boundaries provide territorial restrictions on the sale and purchase of mutual fund units or shares as is the case in com
decision criteria of profitability index.
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