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Enumerate the fundamentals of financial accounting information
Frame works and principles which have been developed try to address fundamental questions like:
?Who are users of financial accounting information?
?What types of financial accounting reports should be prepared and what should they contain?
?How must items (like profit and asset values) be measured?
format of the account
WHAT DO YOU MEAN BY CUM- INTEREST PRICE
Ledger = From the Journal entries we will post the transactions in a book known as Ledger. Ledger is a book which contains the summarized and classified form of permanent record
What is the implication of applying accounting concepts wrongly
define accounting. Explain the accounting concepts which guide the accountant at the recording stage.
Wendell Corporation exchanged an old truck and $25,500 cash for a new truck. The old truck had a book value of $6,000 (original cost of $25,000 less $19,000 in accumulated depre
Below is a table with total data for a firm in a perfectly competitive industry. Quantity Total Cost 0 100 10
Explain the business assets Withdrawal Withdrawal (Drawing) is removal of business assets for personal use by owner. This transaction decreases the asset taken and value of
How To figure the discount using calculator 1. Be sure that decimal selector is on 2 decimal places 2. Key in amount of the sale 3. Multiply by percent (use the percent key)
Assume we are a trading company giving devices and sometimes after sales service. when any fault came we just replace the hardware from another defective device and getting the pay
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