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Trend Analysis:
In the relative and common size financial statements, the data cannot be identified whether it is abnormal or normal as an essential standard is absent. To conquer this restrictions trend analysis can be used to analyze business data. Below this method, each item's worth over a phase of time is collected and an arithmetical relationship is ascertained. Typically, the first year is taken as the base year. In further words, under trend analysis, a base year is recognized and the values of a given item in following years are expressed as a percentage of the base year value. The stand year value is typically defined as 100, for ease of understanding or is expressed as a trend ratio.
when creating a trial balance, which account balances carry over from previous months
Ower invested cash in the company along with equipment at market value, the amount is considered part of capital or revenues?
does immaterial items have to be recorded
The capital structure of Wild West Inc. is as follows: - Debts: $5,000,000 (face value) bonds with coupon rate at 8.00% and present price at par - Preferred shares: $2,000
“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.
Q. First-in first-out inventory? FIFO (first-in first-out): Ending inventory contains of the most recent purchases. FIFO presumes that the costs of the first goods purchased ar
what are the legal distinction between business combination, merger and consolidation
Illustrate about the matching principle This principle requires that expenses and revenue be recorded in accounting period in which they occur. For a net income figure to be a
Hi i just need the solution of case study.
Billable expenses are those expenses incurred by you on behalf of your client in performing duties / supply and service. These expenses are recoverable from your customer by way of
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