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Q. What do you mean by Not-for-profit organizations?
Not-for-profit organizations such like charities, fraternities, churches, and universities need accountants to record and account for funds received and disbursed. Although these agencies don't have a profit motive they must operate efficiently and use resources effectively. About 10,000 accountants are employed in higher education. The deeds of these academic accountants comprise conducting scholarly, teaching accounting courses and applied research and publishing the results and performing service for the institution and the community. Faculty positions subsist in two-year colleges, four-year colleges, and universities with graduate programs. A major shortage of accounting faculty has developed because of the retirement beginning in the late 1990s of many faculty members. Preliminary salaries will continue to rise significantly because of the shortage. You may possibly want to talk with some of your professors about the advantages and disadvantages of pursuing an accounting career in higher education.
User account control is meant to allow users to run with standard user rights, as opposed to administrative rights. Administrative rights provide users the ability to read and chan
#quthe books of deven verma could not be tallied.the accountant transferred the difference of Rs.1270 in the suspense account on the debit side the following mistakes were found la
The process of adjusting the bond interest expense account for any premium or discount is called amortization of the premium or discount
John is considering the best capital structure for his firm. Suppose there are two capital structures for him to choose from. Structure A would have 7,000 shares of stock and $160,
What is Merchandise returns A Return is when a customer returns to the seller part or all items purchased. An Allowance occurs when seller grants a customer a price reductio
Which type of error would cause an entry in the suspense account? A. A page total from the purchases journal was posted as $9780 rather than the correct figure of $9870. B. C
From the following details, prepare a balance sheet acid test ratio = 2.5 current ratio = 1.5 net working capital = 10,00,000 fixed assets =? Share capital =? Proprietary ratio =
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The comparative statements of Lucille Company are presented here. LUCILLE COMPANY Income Statements For the Years Ended December 31 First number are 2012 2012 then 2011
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