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Has accounting become too interesting?
In recent years, accounting has become front-page news and has been a key talking point among those connected with world of business. Regrettably, attention which accounting has attracted has been for all the wrong reasons. We have observed that investors depend on financial reports to help to keep an eye both on the performance of the managers and on their investment. What, however, if managers provide misleading financial reports to investors? Recent revelations suggest that managers of some large businesses have been doing just this.
what accounts go into a balance sheet
office supplies on hand at year end amounted to 3000
A company pays rates annually/yearly in advance on 1 April every year. $4000 is paid by them on 1 April 2009 and $4800 on 1 April year 2010. The company's accounting year end is 31
Q. What is Posting reference column? This column demonstrates the account number of the debited or credited account. For example in Exhibit 8 the number 100 in the first entry
how to make adjusting entries
Q. Explain double-entry procedure? The double-entry procedure maintains the accounting equation in balance. The dual recording process generates two sets of accounts those with
Example of net realizable value? To exemplify a necessary write-down in the cost of inventory presume that an automobile dealer has a demonstrator on hand. The dealer obtained
Received $170,000 cash from Electronic Arts, Inc. for service revenue earned in January.
Q. What is classified balance sheet? The balance sheets we presented thus far have been unclassified balance sheets. An unclassified balance sheet has three major categories li
what are the stages of operational research
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