Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Q. What is T-account?
To exemplify recording the increases and decreases in an account texts use the T-account which appear like a capital letter T. The name of the account such like Cash appears across the top of the T. We record enhance on one side of the vertical line of the T and decreases on the other side. A T-account look as follows
An accounting perspective: Business insight
Have you yet considered starting your own business? If subsequently, you will require understanding accounting to successfully run your business. To identify how well your business is doing you should understand and analyze financial statements. Accounting information as well tells you why you are performing as reported. If you are in business to develop or sell a certain product or perform a specific service you can't operate profitably or consider expanding unless you base your business decisions on accounting information.
For instance if you an owner invest cash in your business the company's assets increase as well as its stockholders' equity increases. This result was exemplify in the summary of transactions. In the subsequent steps in posting and recording the effects of a business transaction sections we use credits and debits and the double-entry procedure to record the increases and decreases caused by business transactions.
Q. What is accounting system? Accrual basis, system, or method -- an accounting system which records revenues andexpenses at the time when transaction takes place,not at the ti
Q. Misstatement of accounting information? The FASB describes materiality as the magnitude of an omission or misstatement of accounting information that in the light of surroun
XYZ Technology had $640,000 of retained earnings on December 31, 2010. The company paid common dividends of $50,000 in 2010 and had retained earnings of $500,000 on December 31, 20
A calculate of the wealth is earned by nations by economic activates all around the world. Gross National Income involves the total value of goods and services produced within a
Two techniques of accounting for inventory are perpetual inventory procedure and periodic inventory procedure. Under perpetual inventory procedure the inventory account is constant
Q. Example of horizontal analysis? Several companies have been restructuring their organizations and reducing the number of employees to cut expenses. AT&T, General Motors, IBM
Explain the business assets Withdrawal Withdrawal (Drawing) is removal of business assets for personal use by owner. This transaction decreases the asset taken and value of
how to develop a course project having to do with writing notes for a fictitious annual report
Q. What is Current liabilities? Current liabilities are debts due inside one year or one operating cycle whichever is longer. The payment of current liabilities usually require
Richard Hamilton has a fast - food franchise and must pay a franchise fee of $35000 plus 3% of gross sales. In terms of cost behavior, the total cost is a: a) variable cost b
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd