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IAS 40, what are the limitation
what are the limitation
Define balance sheet, Balance Sheet A balance sheet is a statemen...
Balance Sheet A balance sheet is a statement for presenting an organization financial position at a particular date, mostly at the end of an accounting period; also calle
Role of government in a mixed economy, Government: In a mixed economy this...
Government: In a mixed economy this is seems to be the duty of the Government to direct the operation of the economic system in that a way which it subseries the general good. Con
Consistency in accounting principle, Q. Consistency in accounting principle...
Q. Consistency in accounting principle? Consistency necessitates that a company use the same accounting principles and reporting practices through time. Consistency makes possi
Example of sales cycle of company, Q. Example of sales cycle of company? ...
Q. Example of sales cycle of company? For several retailers a large percentage of their annual sales occur during the period from Thanksgiving to Christmas. They efforts to sto
Non-current assets, What should companies not show as non-current assets in...
What should companies not show as non-current assets in their balance sheets? A plant bought on hire purchase B plant fully depreciated C plant held on finance leases D pla
Determine the income statement columns of worksheet, Determine the Income S...
Determine the Income Statement columns of Worksheet Income Statement columns of the worksheet would comprise the amounts from Adjusted Trial Balance columns which are expenses
Learning objectives of accounting theory, Q. Learning objectives of Account...
Q. Learning objectives of Accounting theory? - Discuss and Identify the underlying assumptions or else concepts of accounting. - Discuss and Identify the main principles of
Purchased a latest machine, Teague Company purchased a latest machine on Ja...
Teague Company purchased a latest machine on January 1, 2012, at a cost of $150,000. The machine is expected to have an 8-year life and a $15,000 salvage value. The machine is expe
Present value, Present value -- a notion that compares the value of money a...
Present value -- a notion that compares the value of money available in the future with thevalue of money in hand today. For instance $78.35 invested today in a 5% savings accountw
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