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accounting theory, Accounting Basics
what are the levels of accounting theory
Posted Date: 9/18/2012 6:40:31 PM | Location : United States
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What is personal account, Personal Account is an account for use by an indi...
Personal Account is an account for use by an individual for their own requirements. It is a relative term to distinguish the said accounts from those accounts for corporate or busi
Explain the schedule of accounts payable, Schedule of Accounts Payable ...
Schedule of Accounts Payable Lists the balances of accounts payable ledger, and Accounts Payable controlling account demonstrates the total amount owed to ALL creditors. Th
Advantages and disadvantages of fifo, Advantages and disadvantages of FIFO ...
Advantages and disadvantages of FIFO The FIFO method has four main advantages (a) it is easy to apply (b) the assumed flow of costs corresponds with the normal physical flow o
What is working capital, Q. What is Working capital? Working capital --...
Q. What is Working capital? Working capital -- current assets minus current liabilities. In most businesses majorcomponents of working capital are cash, accounts receivable and
Limitations of ratio analysis, Limitations of Ratio Analysis : In spit...
Limitations of Ratio Analysis : In spite of the a variety of uses of ratio analysis, it go through from certain limitations, some of which are as under; 1. Limited use
Define operating expenses, Q. Define Operating expenses? Operating expe...
Q. Define Operating expenses? Operating expenses for a merchandising company are those expenses other than cost of goods sold incurred in the usual business functions of a comp
Explain the pretax impact of the changes , Beth Clark is an Accounting Mana...
Beth Clark is an Accounting Manager at Specialty Products Corp. One afternoon in early January 2012, her boss, Controller Dan Greene, met with her and stated the following, "Beth,
Describe how the quickzoom feature of quickbooks, Describe how the QuickZoo...
Describe how the QuickZoom feature of QuickBooks does or does not provide the same help in the statement of cash flows as it does in the income statement.
Based on the financial statements for jackson enterprises, Based on the fin...
Based on the financial statements for Jackson Enterprises (income statement, statement of owner's equity, and balance sheet) shown below, prepare the following financial ratios.
Requirements for accounting standards, The information contained in publish...
The information contained in published financial statements is of specific importance to external users, as shareholders and investors. Without any information they would not be ca
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