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Q. Describe about Borrowed money?
The company lent USD 6000 from Chaney's father. Chaney signs the note for the company. The note turn off no interest and the company promised to repay recorded as a note payable the amount borrowed within one year. Subsequent to including the effects of this transaction the basic accounting equation is
1. Whate are the challenges faced in trade and solutions those problems?
Q. What is Marginal cost and marginal revenue? Marginal cost is the extra cost incurred by addingone more item. Marginal revenue is revenue from selling one more item. Economic
Identify and explain the two ratios that are used to assess the solvency of a business.
what is the implication of applying accounting concepts wrongly
Q. Describe about Capital? Capital -- money invested in a business by its owners. On the right side or bottom of a balance sheet. Capital also denotes to machinery, buildings a
what is account
a 50 petty cash fund has cash of 20 and valid receipts for 40. The entry to replenish the fund would include a
Control of independent demand inventory items
define accounting.Briefly explain the accounting concepts which guide the accountant at the recording stage.
Case Study Labor standards Geeta & Company has experienced increased production costs. The primary area of concern identified by management is direct labor. The compa
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