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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.
Q. Explain about Period costs? Period costs are costs not noticeable to specific products and expensed in the period incurred. Administrative and Selling costs are period costs
The analysis focused primarily on the role, structure and funding arrangements for the International Accounting Standards Board (IASB), an entity that has been responsible for majo
Q. What is FOB shipping point? FOB shipping point signifies free on board at shipping point. The buyer acquires all transportation costs after the merchandise has been loaded o
Based on the financial statements for Jackson Enterprises (income statement, statement of owner's equity, and balance sheet) shown below, prepare the following financial ratios.
where dose inventory changes aper on the balance sheet
Worthington Company issued 1,000,000 face value, 10% bonds on July 1 2012, when the market rate of interest was 12%. Interest payments are due every July 1 and January 1. Worthin
Q. Learning objectives of trial balance? - The cash basis of accounting know revenues when cash is received and recognizes expenses when cash is paid out. - The accrual basi
Components of Profit and Loss Account The Profit & Loss Account intend to check profit. It has three parts. 1) The Trading Account: These account the money in (revenue)
1. Fill in the table below. Assume TC stands for Total Cost, TFC as Total Fixed Cost, TVC as Total Variable Cost, ATC as Average Total Cost, AFC as Average Fixed Cost, AVC as Aver
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 face
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