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Liquidity Ratios (Short Term Solvency Ratios):
These Ratios calculate the capability of the firm to meet its current obligations. They point out whether the firm has enough liquid resources to meet its short term accountability. The various liquidity ratios are :-
Determine the specific citation for accounting for each of the following items: 1. Accounts receivables from related parties should be shown separately from trade receivables. 2. T
difference between credit and debit
How to create account for barter transactions? As My Company is providing a service to another company and that company is reimbursing us with his service.
explain the 5 modern techniques of accounting
Rondo plc, a sports apparel manufacturer with a cost of capital of 13.75%, is looking to expand its activity and is considering two possible countries to open a sales subsidiary. R
Define the term- FICA TAX This is a matching tax paid equally by employee and employer. Two parts-OASDI and HIP. Current rate for OASDI is 6.2% on the first $102,000 earned
What is the implication of applying accounting concepts wrongly?
Q. What is Inventory obsolescence? Inventory obsolescence -- inventory no longer salable. Possibly there is too much on hand,possible it is out of fashion. True value of the in
Accrual basis of accounting means that the costs or revenues of events are renowned in the period in which they happens; by the cash flows may take place in another accounting peri
Q. Learning objectives of Accounting theory? - Discuss and Identify the underlying assumptions or else concepts of accounting. - Discuss and Identify the main principles of
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