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Provided services on credit to Yamato P/L $5 900. How do we apply this in the t accounts
what is the accounting concepts and conventions? and what is the procedure to follow the accounting formats
Control of independent demand inventory items
Q. What is Prepaid expense? A prepaid expense is an asset pending assignment to expense such as prepaid rent, prepaid insurance and supplies on hand. Note that the character of
Uses of the Profit and Loss Account 1) The key utilize is to monitor and calculate profit. This suppose that the informat ion recording is correct. Significant harms can arise
Hello, I'm having trouble understanding Direct Cost, Overhead Cost and Indirect Cost. ***Also Period cost and Product cost. please can anyone explain it and give examples for eac
A supplier to the electric utility industry produces power generators. The Transportation costs are high. One market area includes the lower part of the Great Lakes region
Q. Define Gains and Losses? Gains are raise in equity net assets from peripheral or incidental transactions of an entity as well as from all other transactions and other events
Define Accounting. Briefly explain the accounting concepts which guide the accountant at the recording stage.
Why to and by using in journal, trading a/c, p&l a/c and ledger?
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