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Questions -
Q1. Explain the concept of accrual accounting.
Q2. Explain the concept of cash accounting.
Q3. Explain why a company may elect to use accrual accounting rather than cash accounting method?
Q4. Explain the difference between an asset and an expense and include an example of each.
Q5. Explain the procedure of Electronic Funds Transfer at Point of Sale (EFTPOS).
Q6. When making a deposit at a bank, identify the proof of lodgement that you need to obtain in order to ensure you are able to trace the deposit if required?
Q7. What additional security measures could a company use when banking a cheque made out to cash, as opposed to a general cheque?
Discuss the nonfinancial information that may be used to evaluate the performance of a college or university and suggest what information provides the most insight to financial performance.
inflation is expected to average 4 for the long term and mr. smith earned 74000 this year how much must he earn in 20
Suppose the buying power of a dollar decreases by 4% this year. What is the rate of inflation this year? Round your answer to the nearest tenth of a percent
Discuss whether to keep the accounting records on the cash basis or the accrual basis. As part of the discussion, explain how and why it was selected
Calculate the present value of the salary differential for completing the MBA degree. Calculate the present value of the cost of the MBA program
On January 1, 2016, Mr. Bravo formed a new corporate (Bravo Unlimited) by investing $35,000 cash in capital stock. Prepare the general journal entry
scott bestor was hired during january 2011 to manage the home products division of advanced techno. as part of his
Troy (single) purchased a home in Hopkinton, Massachusetts, on January 1, 2007, for $290,000. How much gain must Troy recognize
How this measurement can be accomplished. Please Create a guidance sandwich that could be included in an issues memorandum that explains this process.
At what point should the revenue from the gift cards be recognized? Should the revenue be recognized at the time the card is sold, or should it be recorded when the card is redeemed? Explain the reasoning to support your answers.
Which of the statements MOST accurately describes the auditor's determination of performance materiality? A relevant base must first be selected in determining
The opening slide should have the PEI logo (you created for the newsletter), title of the event, the CFO's name, and the date of the presentation.
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