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realization concept, Accounting Basics
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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
What is current ratio in terms of accounting, Q. What is current ratio in t...
Q. What is current ratio in terms of accounting? The current ratio specifies the short-term debt-paying ability of a company. To find the current ratio we divide current assets
Retiring partner, what all things do we have to treat in revaluation accoun...
what all things do we have to treat in revaluation account
How is a journal entry recorded?, Journal Entries are recorded on a double ...
Journal Entries are recorded on a double entry system like debit and credit concept. In order to record a journal entry the following steps require to be followed. ? Enter the J
Cost of goods sold , find cost of goods sold
find cost of goods sold
A baker makes 500 cream-filled eclairs at a cost of $0.72 e, A baker makes ...
A baker makes 500 cream-filled eclairs at a cost of $0.72 each. He estimates that 10% of the eclairs will be sold the following day at a reduced price of $0.80 each. Find the mar
The total revenue of the month of june amounted, The total revenue of the m...
The total revenue of the month of June amounted to $6,500; total expenses amounted to $3,500; and withdrawals amounted to $600. The net income for the month amounted to $6,000. $
Show timing of expense recognition, Q. Show Timing of expense recognition? ...
Q. Show Timing of expense recognition? The timing of expense recognition The matching principle entail that a relationship exists between expenses and revenues. For definite ex
Depreciation, Depreciation on an Motor Vehicle of 5,000,000
Depreciation on an Motor Vehicle of 5,000,000
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