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Question 1 What is accounting and book keeping? Explain the objectives of accounting?
Question 2 Explain GAAP and write down the relationship between accounting principles, accounting concepts , and accounting conventions. Explain all the five accounting concepts with an example
Question 3 List down the classification of accounts according to accounting equation approach. Give the meaning and examples for all the types of accounts
Question 4 What is cash book? Differentiate between other subsidiary books and cash book
Question: The following data are obtained from the record of a factory: £ £ Sales 4,000 units @ £2
what are the five modern accounting tehniques
What organizations are responsible for governing financial reporting? What is the role of each organization? How have the roles changed in the last 20 years? How might their roles
I have tried to answer this assignment with no luck. Balance brought forward : Cash in Hand : $5000 Cash at Bank : $ 90,000 March 2 Received Cash loan of $25 ,0
Define the term Relevance - accounting information Accounting information should have the ability to influence decisions. Except this characteristic is present, there is ac
During summer of 2006, China increased their reserve requirement for the banking system while maintaining a fixed target for the interbank lending interest rate. Draw a graph of th
Q. What is Lifetime Learning Credit? Lifetime Learning Credit - This allows a credit for 20 percent of qualified tuition and fees paid by taxpayer with respect to one or more s
How useful is accounting information? No one would seriously claim that accounting information fully meets all of the needs of every various user groups. Accounting is still a
Assure you have just started a Mobile store. You sell mobile sets and currencies of Airtel, Vodaphone, Reliance and BSNL. Take five transactions and prepare a position stateme
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