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Management: Organizations may not or may exist for the sole reason of profit. Though, information requires of the managers of both types of organizations are approximately the same, since the managerial process that is, planning, controlling and organizing is similar. All such functions have one thing in general and it is that they are all related with making decisions that have their own exact information needs. The emphasis on efficient and effectual management of organizations has considerably enlarged the demand for accounting information. The function of accounting as much as management is concerned was highlighted previous when we discussed regarding management accounting.
Implication of applying accounting concept wrongly
State about the Reporting sales taxes collected SALES TAX PAYABLE - CREDIT BALANCE SALES RETURNS INVOLVING A SALES TAX Tax should also be returned to the customer.
Q. Example of supplies on hand? On 2010 December 4 Micro Train Company buy supplies for USD 1400 and recorded the transaction as follows Micro Train's two accounts reci
Q. Explain about Cash equivalents? Cash equivalents are highly liquid short-term investments obtained with temporarily idle cash and easily convertible into a known cash amount
Calculate the amount of assets for Company
Gracie invested P12000 cash in the business.
exploration costs for mining companies are assets?.
Create an adjusted trial balance & journal entries Bank charges of $932.70 were not recorded in the books for 2014. These were credit card fees charged by the bank for Edwards
State the term - Partnership A partnership exists where at least two individuals carry on a business together with intention of making a profit. Partnerships have much in commo
Part 1 (a) Name and describe the three concepts that form the basis of double entry bookkeeping, and explain how they form the basis of double entry bookkeeping. (b) How doe
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