Consumers, Accounting Basics

Assignment Help:

Consumers and others: Consumers' organizations, welfare organizations, media and public at huge are also interested in condensed accounting information so as to appraise the efficiency and social responsibility of the enterprises in various sectors of the economy, that are: what levels of profits and outputs are being attained, in what manner the social responsibility is being discharged and in what way the growth is being planned through the enterprises in-accordance along with the national priorities and so on.

The above discussion perhaps has pointed to you that the information requirements of the various users may not essentially be the same. Occasionally, they may even conflict and done with each other. In any condition, the objective of accounting information is to enable information users to create optimum decisions.


Related Discussions:- Consumers

Cash collection as point of revenue recognition, Q. Cash collection as poin...

Q. Cash collection as point of revenue recognition? Several small companies record revenues and expenses at the time of cash collection and payment which may not take place at

Buffer inventory is required, Compensation for the uncertainties inherent i...

Compensation for the uncertainties inherent in supply and demand

Explain the costs terms, Question 1: Briefly explain the following cost...

Question 1: Briefly explain the following costs terms: Variable costs and fixed costs Semi- variable costs and semi-fixed costs Past costs and future costs.

FAC, Which of the following items will be entered in the cash payments jour...

Which of the following items will be entered in the cash payments journal of an entity when app applicable subsidiary journals are in use? Merchandise purchased on credit Merchand

Accounts for managers, 1. From the following information, prepare a Balance...

1. From the following information, prepare a Balance Sheet showing the workings: 1. Working Capital ` 75,000 2. Reserves and Surplus ` 1,00,000 3. Bank Overdraft ` 60,000 4. Curren

Explain the scope of accounting standards, Fundamental of Accounting 1....

Fundamental of Accounting 1. Explain the concept of accrued income with the help of an example. 2. Explain the five disadvantages of Single Entry System? 3. Explain the s

Explain sales return, Q. Explain sales return? A sales return is mercha...

Q. Explain sales return? A sales return is merchandise return by a buyer. Buyers and Sellers regard a sales return as a cancellation of a sale. Otherwise some customers keep un

What are the ratio trends, Profitability refers to a company's ability to o...

Profitability refers to a company's ability to obtain  profits and positive cash flows and to its ability to obtain an adequate return on invested capital or a company's ability to

Help with paper on basic transaction processing, help with paper on basic t...

help with paper on basic transaction processing fr Richard Simmons

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd