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80 - 20 rule - A common rule of thumb in business which says that 20% of the items produce80% of the action -- 20% of product line produces 80% of the sales, 20 percent of thecustomers generate 80% of the complaints and so on. In evaluating any business situation,look for small group that produces the major portion of transactions you areconcerned with. This rule isn't exactly accurate however it reflects a general truth, nothing isevenly distributed.
Q. What is Perpetual inventory records? Perpetual inventory records Even though companies could apply perpetual inventory procedure by hand tracking units and dollars in and ou
General rationale financial statements provide much of the information needed by external users of financial accounting. These financial statements are official reports providing i
identify the income statement account
Q. Objective of Recording business transactions? - Use the account as the essential classifying and storage unit for accounting information. - Articulate the effects of busi
Personal accounts --> Debit the benefit receiver, credit the benefit giver Real accounts --> Debit what comes in, credit what goes out Nominal Accounts --> Debit all expenses
What is the latest change taking place in the accounting world that will make a big difference to the way accountants prepare accounts?
intro
illustrate business cycle with reference to a retail trader which does business on a cash basics
How can price inflation effect a university negatively in the future? Like, what are a few things in the university that will be impacted?
Q. Objectives of financial reporting? Financial reporting objectives are the broad overriding objectives sought by accountants engaging in financial reporting. According to the
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