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I am doing a report on finding the major challenges in the future of my university with regards to their revenue and expenses. I have to discuss the main financial obstacles faced by the university and explain why each presents problems with future planning / budgeting. On the income statement of my university, it shows that the revenues AND expenses are both increasing since last year and the university has a positive net income. My university is also fairly new, only 11 years old. I am having trouble coming up with some of the problems they might face with respects to that information. Can someone come up with a few ideas?
Q. Explain about Sales account? In theory sellers could record both sales allowances and sales returns as debits to the Sales account for the reason that they cancel part of th
A time of 12 consecutive months used by an organization to account for and report the results of its operations.
Q. Goal of financial reporting? The second goal of financial reporting is to provide information to help present and potential investors and creditors and other users in assess
wat is assets and its types?
i dont undrstnd t concepts of assets and liabilties n also journal entries thnks
Q. Illustrate about accounting cycle? The accounting cycle is a series of points performed during the accounting period some throughout the period and some at the end to reco
i have an assignment fro perdisco platform managing general entries of basic accounts will u guys be able to help with it
In earlier section, we had illustrated accounting as the language of business. Along with language, accounting has several dialects. There are dissimilarities in terminology. In de
Q. Uses of journal in accounting? Organizing journal entries in a computerized system is different than in a manual system. The computer usually asks for the number of the acco
Q. General-purpose financial statements? Accountants prepare general-purpose financial statements at usual intervals to meet many of the information needs of external parties a
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