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Workers compensation insurance
Workers compensation insurance provides protection for employees who suffer a job-related illness or injury. Entire cost is generally paid by the employer. Cost depends on how many employees a company has, accident history, risk factors associated with the job, etc.
Employer makes a payment at the beginning of the year using an estimated payroll figure for the year.
Debit - Workers' Comp. Insurance Expense
Credit - Cash
When end of the year comes, actual amount is figured and more is sent in, or a refund is given to employer.
Present value -- a notion that compares the value of money available in the future with thevalue of money in hand today. For instance $78.35 invested today in a 5% savings accountw
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
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Fundamental of Accounting 1. Explain the concept of accrued income with the help of an example. 2. Explain the five disadvantages of Single Entry System? 3. Explain the s
stpes to be taken prepaing for final accounts
Investment banking is a is an instrument which is used by the financial organization to take a improved investment decision like issuing IPO stocks bond etc.
Process for Calculating gross earnings These are employee's earnings before any amount is deducted by the employer. Earnings are calculated either by a standard monthly r
How do your calculated stock prices compare to the company's present stock prices? What do you think is causing them to deviate? This will need you to investigate a lit
Q. Career in information systems? Have you yet heard the sayings knowledge is power or else information is money? When people talk about accounting what they are really talking
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