Explain what is meant by business, Accounting Basics

Business is an activity performed with the only intention of earning profit. The activity may differ according to the scope and volume.

 

Posted Date: 4/1/2013 6:19:48 AM | Location : United States







Related Discussions:- Explain what is meant by business, Assignment Help, Ask Question on Explain what is meant by business, Get Answer, Expert's Help, Explain what is meant by business Discussions

Write discussion on Explain what is meant by business
Your posts are moderated
Related Questions
Q. What is Variable cost? Variable cost -- a cost which changes as production or sales change. If a business is producingnothing and selling nothing, variable cost must be zero

what accounts go into a balance sheet

Accounting conventions The phrase 'convention' is used to signify customs or ethnicity as a guide to the research of accounting statements. A variety of accounting conventions

Q. Departures from cost basis of inventory measurement? In general companies must use historical cost to value inventories and cost of goods sold. But some circumstances justif

Q. Show Unearned revenues? Unearned revenues- revenues received in advance consequence when a company receives payment for goods or services before earning the revenue such as

Q. Illustrate Periodic inventory procedure? Companies by means of periodic inventory procedure make no entries to the Merchandise Inventory account nor do they maintain unit re

Q. Explain about pegboard system? One more innovation in manual systems was the one write or pegboard system. Beside creating one document and aligning other records under it o

Write short notes on 5 modern accounting techniques

You have been assigned to analyze the costs of NC Microelectronics, a microchip manufacturer. Indicate whether the following costs are more likely fixed (F), variable (V), or mixed

A firm is evaluating two machines. The first costs $250,000 and will require annual maintenance of $30,000 per year for 10 years. At the end of 10 years, the salvage value will b