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Balance Sheet Equation Concept
The Historical Cost Concept needs support of two other concepts for practical reasons, viz.
(i) The Money Measurement Concept (already discussed above),
(ii) The Balance Sheet Equation Concepts.
Accounting process, however, conforms to an algebraic equation that, in other words, is included in two laws of nature that is, the law of consistency of matter and the law in which every effect originates from a cause. In relation to the former, it may be deduced which all that has been received through us must be equivalent to all that has been given to us. (In accounts, receipts are categorized as debits and giving or sacrifices are classified as credits).
considering the following information,what is the prise of the share as per gorden''s model?
Management of Sundry Debtors: SUNDRY - Miscellaneous infrequent or small customers that are not given individual ledger accounts but are classified as a group. SUNDRY CREDI
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Peak Inc. needs to order Canadian raw materials to use in its production process. The Canadian exporter typically invoices Peak in Canadian dollars. Assume that the current exchang
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