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Q. Example of horizontal analysis?
Several companies have been restructuring their organizations and reducing the number of employees to cut expenses. AT&T, General Motors, IBM and numerous other companies have taken this action. One could enquiry whether companies place as much value on their employees as in the past. In prior years it was common to see the following statement in the annual reports of companies our employees are our most valuable asset. Companies aren't permitted to show employees as assets on nether balance sheets. Do you believe they should be allowed to do so?
What you have learned in this section is basic to your study of accounting. The whole process of accounting is based on the double-entry concept. Section 3 describes that adjustments bring the accounts to their proper balances before accurate financial statements are prepared.
Q. Economic substance of the transaction? In a few business transactions the economic substance of the transaction conflicts with its legal form. For instance a contract that i
Q. Explain about Accrued assets? Accrued assets are assets such like interest receivable or accounts receivable that haven't been recorded by the end of an accounting period. T
On october 31 A fund accrued 2000.00 for legal fees. In November 2000 the fund received an invoice. for October 2008 legal fees for an amount of $2500 and paid the invoice on Nov
How to calculate the postretirement expense
Sucked into a wormhole while spending time in outer space, you land in a perfect world where accountants are worshipped and paid extravagantly. As an accountant, you're immediately
A document or shape used by a customer to issue an order for goods or services. I need notes on 1.Procure to pay cycle with accounting entries 2.give to cash
“Ledger is said to be the principal book entry and the transactions can even be directly entered into the ledger account.” Elaborate and explain why journal is necessary.
On 11/1/05 the Scranton Electric Company issued a check in the amount of $36,000 to the Fly By Night Insurance Company. The amount represented the total premiums on a liability ins
What do you recognize by Open Item Managed Account? Ans) Open item management make sures that all items that have not yet been cleared are available in the system. Only after ea
Carrying amounts of merchandise materials as well as supplies inventories are generally determined on a moving average cost basis and are stated at the lower of cost or market.
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