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Q. What do you mean by Aging?
Aging -- a process where accounts receivable are sorted out by age (typically current, 30 to60 days old, 60 to 120 days old and so on.) Aging permits collection attempts to focus onaccounts which are long overdue.
Cross indexing is made up
in cash flow statement, deductions from cash expences and payments to creditor. how do you get this answer
Why is the cash basis of accounting not used when preparing financial statements?
Q. Define the Product costs? Product costs are costs earns in the acquisition or manufacture of goods. Since you will see in the next section included as product costs for purc
what are the basic theory of accounting
what is accounting
Assignment Comments – Debt-to-assets ratio: 50% Current Ratio: 1.8x Total assets turnover: 1.5x Days sales outstanding: 36.5 days* Gross profit margin
Q. First-in first-out inventory? FIFO (first-in first-out): Ending inventory contains of the most recent purchases. FIFO presumes that the costs of the first goods purchased ar
Q. Show Accumulated depreciation account with example? Micro Train credits the depreciation amount to an accumulated depreciation account which is a contra asset rather than di
Are mailing lists are considered as prepaid or period expens?
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