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Q. Explain about Accountants record expenditures?
Accountants record expenditures on physical resources such like buildings, land and equipment that benefit future periods as assets. But they expense expenditures on human resources for hiring and training that benefit future periods. As well when a computer is dropped and destroyed accountants record a loss. But when the president of the company dies they record no loss. Must the accounting model be changed regarding the accounting for human resources?
Uses of the Profit and Loss Account 1) The key utilize is to monitor and calculate profit. This suppose that the informat ion recording is correct. Significant harms can arise
How to prepare the worksheet Look carefully at worksheet in the text. Remember that it is an informal working paper used to prepare financial statements. Place transparenci
Q. Explain Vertical analysis? Vertical analysis demonstrates the percentage that each item in a financial statement is of some significant total such as total assets or sales.
Details: Costing products is a matter of considerable importance to organizations. The need for accurate product costs ranges from cost identification for inventory valuation purp
what are the implications of applying accounting concepts wrongly
What is the accounting equation?
Q. What is Articulate? The fundamental accounting concept of the double-entry method of recording transactions. Under the double-entry approach each transaction has a two-sided
A view organizes diagrams into logical groups to explain a particular aspect of the system. It is the abstraction of the system prepared is such a way as to give a perspective of a
what are the disadvantages of just-in-time?
Debtors are the major role of the business. He is the whole back bone of the business. The goodwill of the concern is in the hands of debtors because he is the person who takes our
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