lease, Accounting Standards

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why Accountant prefer commercial substance than legal form?

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Official legal documents - governing documents, Governing Documents - Offic...

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Trading account, Trading account is ready to ascertain the Gross Profit and...

Trading account is ready to ascertain the Gross Profit and Loss of a firm; here Gross Profit is the excess of total revenue over cost of goods sold as the credit side of the tradin

Imputed interest, Imputed Interest - If no interest or an unrealistic amoun...

Imputed Interest - If no interest or an unrealistic amount of interest is charged in a salve involving certain kinds of deferred payments, then transaction would be treated as if r

Transactions with the proprietor, You have learned about the business and i...

You have learned about the business and its proprietor is reacted as separate entities. It implies that separate accounts must be kept in the ledger for recording transactions amon

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To establish and implement an accounting system  for  Trigon  Corporation, using MYOB accounting software. Needed: 1.  Make and print a  suitable chart of accounts in MYOB

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Accounting process, In previous section you learnt about the accounting inv...

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