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Fundamental of Accounting
1. Explain the concept of accrued income with the help of an example.
2. Explain the five disadvantages of Single Entry System?
3. Explain the scope of accounting standards and the procedure for issuing an Accounting Standard.
4. Explain the terms subscriptions and donations.
Why to and by using in journal, trading a/c, p&l a/c and ledger?
Q. What do you eman by Purchases account? In periodic inventory procedure a merchandising company uses the Purchases account to record the cost of merchandise bought for resale
I need help in a project on 'accounting process' . It should begin with a storyline in which a buisness have to be chosen(i have chosen a tyres dealer). Then transactions taking
Q. What is Accrued expenses? Accrued expenses, accruals -- an expense that has been incurred though not yet paid for.Salaries are a good instance. Employees earn or accrue salar
Are mailing lists are considered as prepaid or period expens?
I just want part A and Part B including ppt slides to present.
Q. What do you mean by Overhead? Overhead -- a cost that doesn't vary with the level of production or sales and generally a costnot directly involved with sales or production.
Q. Show Purchase Returns and Allowances account? Both allowances and returns reduce the buyer's debt to the seller and decrease the cost of the goods purchased. The buyer may d
The Sneed Corporation issues 10,000 shares of $50 par value preferred stock for cash at $75 per share. The entry to record the transaction will consist of a debit to Cash for $75
stpes to be taken prepaing for final accounts
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