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Investigate the principles, standards and conventions of accounting by:
Assignment Explore the nature and use of financial information by:
Assignment 3 Examine the interpretation and analysis of financial information by:
Reflective Learning Statement Explain how the main themes of this unit have impacted (or could in the future) on your work role - you should include an analysis of your strengths and weaknesses relating to this unit both at the start and end of the unit.
WHAT DO YOU MEAN BY CUM- INTEREST PRICE
Periodic Review
Determine the symbols of Net Sales for the Period - Cost of Goods Sold = Gross Profit - Operating Expenses + Other Income - Other Expenses =
Q. Explain about lower-of-cost-or-market method? The lower-of-cost-or-market (LCM) method is the inventory costing method that values inventory at the lower of its historical c
What steps would you take before approving an invoice for payment? Ans) Following steps should be taken.. ? Certify the invoice once it is matched for checking any holds..
Q. Show Approximation of periodicity? Approximation and judgment because of periodicity To offer periodic financial information accountants must often estimate expected uncolle
started in business with cash 16,000
Q. Neutrality of accounting information? The Neutrality signifies that the accounting information must be free of measurement method bias. The primary concern must be relevance
differenciate between a cash book and a ledger
Q. Show Purchase Returns and Allowances account? Both allowances and returns reduce the buyer's debt to the seller and decrease the cost of the goods purchased. The buyer may d
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