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assets, Accounting Basics
wat is assets and its types?
Posted Date: 10/12/2012 7:28:29 AM | Location : United States
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What is fob destination, Q. What is FOB destination? FOB destination si...
Q. What is FOB destination? FOB destination signifies free on board at destination. The seller ships the goods to their destination with no charge to the buyer. Therefore the s
intermediate accounting, #question.prepare the required adjusting entry fo...
#question.prepare the required adjusting entry for September 30, 2009
Balance sheet, where dose inventory changes aper on the balance sheet
where dose inventory changes aper on the balance sheet
Balance sheet, A bank statement showed an overdraft of $750. A cheque issue...
A bank statement showed an overdraft of $750. A cheque issued in payment of rent for $570 had not been presented, and a cheque for $624 received was omitted from the statement. The
Completing the accounting cycle, Q. Completing the accounting cycle? Su...
Q. Completing the accounting cycle? Subsequent to studying this chapter you should be able to - Recapitulate the steps in the accounting cycle. - Organize a work sheet fo
Criticisms against setting of accounting standards, Criticisms against sett...
Criticisms against setting of Accounting Standards: 1. Setting of Standards may occasionally control the type of treatment of definite items. 2. They may generat
Vat refundable , Describe what journal entry pass in case of vat refundable...
Describe what journal entry pass in case of vat refundable and in case of vat payable? Ans) In case of vat payable: output vat Toinput vat To vat payable In case o
What is prepaid expense, Q. What is Prepaid expense? A prepaid expense ...
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
A good purchased for $480 sells for $700, A good purchased for $480 sells f...
A good purchased for $480 sells for $700. If the store's operating expenses are 30% of cost, what is the percentage markup on cost? A. 1.5% B. 10.57% C. 15.83% D. 4
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
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