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Question 1 What is accounting and book keeping? Explain the objectives of accounting?
Question 2 Explain GAAP and write down the relationship between accounting principles, accounting concepts , and accounting conventions. Explain all the five accounting concepts with an example
Question 3 List down the classification of accounts according to accounting equation approach. Give the meaning and examples for all the types of accounts
Question 4 What is cash book? Differentiate between other subsidiary books and cash book
Financial Analysis For Managers’ Assignment
Determine the Range and quality of information Financial accounting reports concentrate on information which can be quantified in monetary terms. Management accounting addition
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The purchase of a car needs a $23,410 loan to be repaid in monthly installments for 4years at 12% annual real interest rate. If annual inflation rate is 4%, find the extra amount t
THE SURPLUS CAPITAL METHOD Under this method, the initial amounts repaid to partners are in order to reduce their capitals to amounts such that these are now in the same ratio
How useful is accounting information? No one would seriously claim that accounting information fully meets all of the needs of every various user groups. Accounting is still a
Analyse the limitations of using a periodic inventory system and provide examples to support your view. essay type
Q. Estimate cost of equity using market values? The cost of equity as well as cost of debt should always be estimated using market values. If the approximate cash flows of a
Let us assume that you deposit Rs.1000 in a bank that pays 10 percent interest compounded yearly for a period of 3 years. The deposit will grow as given details: Fir
Illustration for company conversion Kamau Maneno and Rotino have carried on partnership for several years, sharing profits and losses equally after allowing for annual salaries
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