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Q. Database management system - accounting perspective?
A database management system stores related data-such like monthly sales data products, salespersons, customers and sales amounts-independent of the application. Formerly you have defined this information to the database management system you are able to use commands to answer such questions as which products have been sell to which customers? What are the amounts of sales by individual? Salespersons? You could as well print a customer list sorted by ZIP code the alphabet or salesperson.
Why it is important for independent auditor to be a member of a professional body?
briefly explain management process
Q. What do you understand by Deferred income? Deferred income -- a liability which arises when a company is paid in advance for services orgoods that will be provided later. Fo
Earned service revenue and received cash As its first transaction in July Metro performed deliverance services for customers and received USD 4800 cash. This transaction improv
Workout Expenditures Professional fees (legal, accounting, appraisal) paid to entities unaffiliated with the investment company's advisor or sponsor in connection with any of t
Investigate the principles, standards and conventions of accounting by: assessing the need for financial information, its purpose and limitations analysing the role
How to setup T accounts
Q. Example on gross margin method? To demonstrate the gross margin method of computing inventory assumes that for several Years Field Company has maintained a 30 per cent gross
Q. What is Working capital? Working capital -- current assets minus current liabilities. In most businesses majorcomponents of working capital are cash, accounts receivable and
WHO PREPARES A TRADING ACCOUNT AND WHY?
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