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Explain accounting roles and implications

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Reference no: EM132917170

1.explain how to view and term the concept of discount allowed in the accounting books more so the credit purchase

2.what information about the discount received monitors its application in price of goods but rather as an income to the business while conducting accounting purposes?

3.analyze the treatment of the treatment for the bad debts when the estimates only have to be considered?

4.discuss in details the Increase in provision for bad debts general and specific impact on the books of the accounts

5.introduce depreciation to accounting roles and implications

6.from what angle can depreciation be viewed as an expanse due to external factors/stimuli?

7.as for the reducing balance method of depreciation calculation, discuss the the preliminary events that lay foundation for the bigger task

8.what goal is the sole root for the utilization of the revaluation methods of depreciation in accounting?

9.make sure to explain the events/transactions that are entered in the books as entries for the acquisition of new asset?

10.suppose; If the disposal account has a credit balance, this is a gain on disposal; how do we analyze such information in the books of the accounts?

Reference no: EM132917170

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