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Q. Example of sales cycle of company?
For several retailers a large percentage of their annual sales occur during the period from Thanksgiving to Christmas. They efforts to stock just the right amount of goods to meet demand. Since this is a difficult approximation to make accurately several retailers end up with a large amount of unsold goods at the end of this season. The only way they is able to unload these goods is to offer huge discounts during the following period.
what is going concern concept
A bauxite mine was acquired at a cost of $1,500,000 and estimated to contain 6,000,000 tons of ore. During the year, 95,000 tons were mined and sold. Prepare the journal entry fo
In earlier times in history, wealthy people utilized 'stewards' to direct their property. These stewards made an account of their stewardship to their owners periodically. This ide
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THE BALANCE SHEET CONCEPTS According to Howard, a Balance Sheet might be definite as - 'a statement which reports the principles owned by the enterprise and the assert of the c
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Q. Explain about accounting cycle? when an event is a measurable business transaction you require adequate proof of this transaction. After that you analyze the transaction's e
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