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Fundamentals of accounting 1, Accounting Basics
Posted Date: 9/25/2012 9:50:04 PM | Location : United States
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Assets, untangible assets
Explain sales return, Q. Explain sales return? A sales return is mercha...
Q. Explain sales return? A sales return is merchandise return by a buyer. Buyers and Sellers regard a sales return as a cancellation of a sale. Otherwise some customers keep un
In between fifo and lifo which one is the correct method, Q. In between FIF...
Q. In between FIFO and lifo which one is the correct method? The differences for the four methods take place because the company paid different prices for goods purchased. No d
History of accounng, application/realization in history of accounting
application/realization in history of accounting
BRS, what is the BRS
what is the BRS
Calculate the tax, Sue, Scarlett and Sally are in a partnership together pr...
Sue, Scarlett and Sally are in a partnership together providing accounting services. The partnership uses the cash basis to account for income tax.
What is fixed cost, Q. What is Fixed cost? Fixed cost -- a cost that do...
Q. What is Fixed cost? Fixed cost -- a cost that doesn't change as sales volume changes (in the short run.) Fixedcosts generally include such items as rent, interest, depreciat
Example of income statement, Q. Example of Income statement? Income sta...
Q. Example of Income statement? Income statement demonstrates the income statement Lyons prepared. The focal point in this income statement is on determining the cost of goods
Example of t-accounts, Q. Example of T-accounts? Suppose that the last ...
Q. Example of T-accounts? Suppose that the last day of December 2010 falls on a Monday this expense account doesn't show salaries earned by employees for the last day of the mo
Evaluating revenue measure or system, Question : The several evaluative...
Question : The several evaluative criteria for evaluating revenue measure or system are: ? Yield ? Political expediency ? Ease of administration ? Consistency
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