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Q. Ledger accounts in An accounting perspective?
The idea of the Internet dates to the 1960s when the military tied together several computers forming a network that allowed users to communicate with each other instantaneously on their computers over many miles. Then scientific institutions and universities connected to the network to meet their research and communication requirements. Progressively organizations hooked up to the network over time. Today several companies seek customers and employees over the Internet. Students and faculty use the Internet to perform research and communicate with their colleagues (using e-mail) and search distant libraries. Accountants in practice are intense users of the Internet to locate tax regulations, company data and almost any other information they need. You will discover that learning to use the Internet effectively is essential to your future success.
what all things do we have to treat in revaluation account
Limitations of Funds Flow Statement : despite the a variety of uses of the announcement, it has convinced problems also. They consist of the subsequent i) It cannot substitute
Recording Private Company Credit Card Sales Goes to the individual company-not a bank. Treated as a sale on account. Credit card Company is responsible for collection of
explain the separate set of books method for maintaining joint venture accounts
Q. Explain about realization principle? Realization of revenue Under the realization principle the accountant doesn't recognize (record) revenue until the seller obtains the ri
briefly explain management process
Exercise 5-2 - Harwick company. 1) On April 5, purchased merchandise from Botham Company for $23,000, terms 2/10, net/30, FOB shipping point. 2)On April 6, paid freight costs of $
Q. Explain Periodicity assumption of accounting? As-per to the periodicity (time periods) assumption accountants divide an entity's life into months or years to report its econ
Two techniques of accounting for inventory are perpetual inventory procedure and periodic inventory procedure. Under perpetual inventory procedure the inventory account is constant
Carrying amounts of merchandise materials as well as supplies inventories are generally determined on a moving average cost basis and are stated at the lower of cost or market.
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