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IFRS, Accounting Basics
Posted Date: 2/13/2013 8:01:43 PM | Location : Canada
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What is sales revenues, Q. What is Sales revenues? The sale of goods ta...
Q. What is Sales revenues? The sale of goods takes place between two parties. The seller of the merchandise transfers them to the buyer in exchange for cash or a promise to pay
The book of Deven Verma could not be tallied. The accountant, The book of D...
The book of Deven Verma could not be tallied. The accountant transferred the difference of Rs. 1,270 in the suspense account on the debit side. The following mistakes were found la
A bond sinking fund investment is started on january 5, A bond sinking fund...
A bond sinking fund investment is started on January 5, 2010, by transferring $10,000 in cash to the fund. This $10,000 is invested and earns $1,100 during 2010. The entry to rec
Prepare a schedule of depreciation expense for an equipment, 1. Mama's Frie...
1. Mama's Fried Chicken bought equipment on January 2, 2010, for $15,000. The equipment was expected to remain in service 4 years and to perform 3,000 fry jobs. At the end of the
Ledger, on 1st july,2008,machinery purchased rs10,000 for cash from bhim.gi...
on 1st july,2008,machinery purchased rs10,000 for cash from bhim.give journal entry and prepare ledger accounts.
Fifo cost flow assumption , 1. Under the FIFO Cost Flow Assumption durin...
1. Under the FIFO Cost Flow Assumption during a period of inflation, which of the following is false? WHICH OF THE FOLLOWING IS NOT TRUE a. Income tax expenses will be hig
Example of adjustments for deferred items, Q. Example of Adjustments for de...
Q. Example of Adjustments for deferred items? A real physical inventory a count of the supplies on hand at the end of the month showed only USD 900 of supplies on hand. Therefo
Describe about expense, Q. Describe about Expense? Expense -- an expend...
Q. Describe about Expense? Expense -- an expenditure that is chargeable against revenue during an accounting period.An expense leads to the reduction of an asset. All expenditu
Cash flow analysis, Cash Flow Analysis: As per the Institute of Cost...
Cash Flow Analysis: As per the Institute of Cost and Works Accountants of India (AICWAI), a Cash Flow Statement is a declaration setting out the flow of cash under different
Corporations are subject to specific corporate tax rates, Corporations are ...
Corporations are subject to specific corporate tax rates different from those for individuals. True False
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