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Q. What is Cost-benefit?
Cost-benefit The cost-benefit consideration engrosses deciding whether the benefits of including optional information in financial statements exceed the costs of providing the information. Users are apt to think information is cost free since they incur none of the costs of providing the information. Preparers apprehend that providing information is costly. The benefits of using information must exceed the costs of providing it. The measurement of benefits is imprecise which makes application of this modifying convention difficult in practice.
Q. Example of Adjustments for accrued items? For instance assume Micro Train Company has some money in a savings account. On 2010 December 31 the cash on deposit has earned one
at the end of May he has a voucher for expenditure of $270 and a balance in hand of $30. explain what the imprest amount is
What is Time orientation Financial accounting reports reflect position and performance of business for the past period. Essentially, they are backward looking. Management accou
A calculate of the wealth is earned by nations by economic activates all around the world. Gross National Income involves the total value of goods and services produced within a
I am requesting for literature review and past studies on CDS.
It dates from the development of huge scale business and the advent of Joint Stock Company as a form of business that enables the public to participate in giving capital in return
Write short notes on 5 modern accounting techniques
Cash Flow Analysis: As per the Institute of Cost and Works Accountants of India (AICWAI), a Cash Flow Statement is a declaration setting out the flow of cash under different
Bonds issued giving the holder the option of exchanging the bonds for capital stock of the corporation are called
Brown sole trader Brown has been in business for some years and has kept her drawings slightly below the level of profits each year. You are her accountant, and she has passed
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