Database technology may eliminate the need for double-entry

Assignment Help Accounting Basics
Reference no: EM13601572

Database technology may eliminate the need for double-entry accounting. This creates three possibilities: 1) the double-entry model will be abandoned 2) the double-entry model will not be used directly, but an external-level schema based on the double-entry model will be defined for accountants' use or 3) the double-entry model will be retained in database system. Which alternative do you think is most likely to occur? Why?

Reference no: EM13601572

Questions Cloud

Find the change of entropy using the ideas gas table and : air undergoes a process with the states given below. find the change of entropy using the ideas gas table and compare
When a 980 kg mass is placed on top of a vertical spring : question when a 9.80 kg mass is placed on top of a vertical spring the spring compresses 4.00 cm. what would the
Lamar corporation has a joint process which produces three : lamar corporation has a joint process which produces three products called a b and c. each product may be sold at
I the coefficient of performance is 80 of the cop of : a refrigeration remove 12 kj of heat from a body when working between 24 k and 310 k if the coefficient of performance
Database technology may eliminate the need for double-entry : database technology may eliminate the need for double-entry accounting. this creates three possibilities 1 the
Test the given claim using the traditional method of : test the given claim using the traditional method of hypothesis testing. assume that the sample has been randomly
In the first year of operations lazirko company earned : in the first year of operations lazirko company earned 28000 in service revenue 6000 of which was on account and still
Springs having stiffness k 2k 4k 8k 16k and so on are tied : question springs having stiffness k 2k 4k 8k 16k and so on are tied in series. find the effective stiffness of the
If the standard to produce a given amount of product is : if the standard to produce a given amount of product is 1000 units of direct materials at 11 and the actual was 800

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd