personal financial accounting1521, Accounting Standards

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Q. Financial consequences of business decisions? When nowadays college students are polled about their long-term career choice an astonishingly large number respond that they w

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The first municipal bond insurance company was created in 1971 as a supplementary of MGIC Investment Corp. of Milwaukee; now usually called as Ambac Financial Group, Inc. The Ameri

Accounts receivable, These are amounts owed to the company through debtors....

These are amounts owed to the company through debtors. This is the purpose why we also utilize the term sundry debtors to indicate the amounts owed to the firm. This signifies amou

Transactions with the proprietor, You have learned about the business and i...

You have learned about the business and its proprietor is reacted as separate entities. It implies that separate accounts must be kept in the ledger for recording transactions amon

Cash, It is generally taken to include currency or legal tender, cheques or...

It is generally taken to include currency or legal tender, cheques or any other document which circulates as cash. It is generally classified like a current asset while it is acces

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Inventory, Inventory Within a trading firm, inventory is merchandise he...

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