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Q. Ledger accounts in An accounting perspective?
The idea of the Internet dates to the 1960s when the military tied together several computers forming a network that allowed users to communicate with each other instantaneously on their computers over many miles. Then scientific institutions and universities connected to the network to meet their research and communication requirements. Progressively organizations hooked up to the network over time. Today several companies seek customers and employees over the Internet. Students and faculty use the Internet to perform research and communicate with their colleagues (using e-mail) and search distant libraries. Accountants in practice are intense users of the Internet to locate tax regulations, company data and almost any other information they need. You will discover that learning to use the Internet effectively is essential to your future success.
Illustrate the subsequent Accounting Concepts: a) Dual Aspect concept b) Materiality concept c) Matching concept d) Conservatism concept
Q. What do you mean by depreciable asset? A depreciable asset is a manufactured asset such like a building, vehicle, machine or piece of equipment that provides service to a bu
A) During the year, total liabilities enhanced $106,010 and stockholders' equity reduced $67,590. What is the amount of total assets at the end of the year? B) If total assets e
Earlier we defined accounting as the process of measuring, identifying and communicating economic information to permit informed judgments and decisions by the users of the informa
Over the past two decades, the People's Republic of China has invested billions of RMB in domestic and international air travel capability. Today, almost every major city in China
International Capital Budgeting Question 1. How does international capital budgeting differ from domestic capital budgeting? Many firms, when assessing international proj
“Ledger is said to be the principal book entry and the transactions can even be directly entered into the ledger account.” Elaborate and explain why journal is necessary.
After adjustments and the closing of revenue and expense accounts at February 28, 2015, the end of the first full year of operations, the income summary account has a credit balanc
The process of adjusting the bond interest expense account for any premium or discount is called amortization of the premium or discount
Q. Explain about business entity concept? A business entity perhaps made up of several different legal entities. For example a large business such as General Motors Corporation
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