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Common size Financial Statements:
Below this process, the total of the tasks side and the total of the possessions side of a Balance Sheet are taken as 100 and each item in the exacting side is expressed as a percentage of the total. In further words, the entire Balance Sheet or Income statement is transformed into percentage form and articulated as such. In common-size income statements, all items are spoken as a percentage of total sales, while in common-size balance sheets, all items are uttered as a percent of total assets. The statements organized therefore are recognized as relative common size income statement/Balance Sheet.
Once arranging the data and calculating the percentages, the prearranged data is analysed to draw significant inferences about the operational presentation of the business.
twhat is debit?
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Q. Show the examples of long-term assets? Property, plant, and equipment are assets with helpful lives of more than one year a company acquires them for use in the business r
#How to make journal entries?
Comprehensive Problem in Trial Balance Cash $ 26,470 A/R 14,222 Office Supplies 4,298 Prepaid Insurance 23,137 Equipment 131,495 A/D - Equipment $19,096 Accounts P
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Q. Example of Adjustments for accrued items? For instance assume Micro Train Company has some money in a savings account. On 2010 December 31 the cash on deposit has earned one
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