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10,000 dollar loan at a Maturity of 3 months, an 8% interest rate
the consequences of non-compliance of each of the accounting concepts.
Pattillo Industries makes a product that sells for $25 a unit. The product has a $5 per unit variable cost and total fixed costs of $9,000. At budgeted sales of 1,000 units, the
Q. What is Working capital? Working capital -- current assets minus current liabilities. In most businesses majorcomponents of working capital are cash, accounts receivable and
Financial accounting reports are mandatory to be prepared by the firms, and are scrutinized by auditors, creditors or Government or Tax authorities. But management accounting recor
determine how the disallowance of LIFO will impact U.S. multinational firms that report under IFRS
The information contained in published financial statements is of specific importance to external users, as shareholders and investors. Without any information they would not be ca
who are sole traders
Q. Show Transactions affecting the income statement? To continue to exist a business must be profitable. This signifies that the revenues earned by providing goods and services
ledger is said to be the principal book entry and the transactions can even be directly entered into the ledger account. elaborate on the statement and explain why journal is neces
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