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
preparing trial balance with balance method

Illustrate the subsequent Accounting Concepts: a) Dual Aspect concept b) Materiality concept c) Matching concept d) Conservatism concept

A(n) _______ loss occurs when the reduced price is below the actual cost. A. net B. operating C. absolute D. incurred

Enumerate the term- Cash discounts Offered to encourage prompt and early payment by buyer. Cash discounts are recorded in accounting records of both the buyer and the seller. S

Hawkeye Electric Company engaged in the following transactions during July. Journalize the preceding transactions on the books of Hawkeye Electric Company using the perpetual sys

“Ledger is said to be the principal book entry and the transactions can even be directly entered into the ledger account.”

Your individual coursework portfolio addresses the following learning outcomes: ? Discuss the corporate governance issues and the duty of care of the directors of limited companies

Genentech, Inc. is a California-based biotech pioneer recently acquired by Swiss pharmaceutical giant Roche Holding AG. Roche paid $46.8 billion in cash for the 44 percent of Gen

Q. Describe about Fixed Assets? Fixed Assets can't be quickly turned into cash without interfering with business operations.Fixed assets comprise buildings, land, machinery, fu

Explain:- 1. Why would users want to see cash flows broken out into three parts (operating, investing, and financing)? What's the purpose of this structure? 2. Companies often use