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It is generally taken to include currency or legal tender, cheques or any other document which circulates as cash. It is generally classified like a current asset while it is accessible for a firm's day-to-day operations. This involves cash maintained in the cash chest as also deposits on call on current accounts along with banks. If cash is particularly earmarked for any reason and not available for transactions this is better classified
During 2011, Lavina Corporation had cash and credit sales of $94,000 and $91,000, respectively. The company also collected accounts receivable of $53,400 and incurred expenses of
Where does a poo make its way from?
explain how accounting information may be used when an owner wants to justify a price in one of their lines of house paint
If I sold aan asset before its matured perid what will be it''s Depreciation schedule?
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Review and discuss what the general rules are for agricultural produce using US GAAP and IFRS.
Formed under the Securities and Exchange Act of 1934 the SEC (Securities and Exchange Commission) is a government agency that administers important acts dealing with the interstate
Dear Sir, I am an accountant working in a company with limited liability (WLL), one of the partners (A) will withdraw from our company. One of the existing partner (B) of the comp
why Accountant prefer commercial substance than legal form?
International Accounting Standard Committee ( I. A. S.C. ) Defines inventories as Tangible property) a. Held for sale in the ordinary course of business. b. In the proces
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