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Questions -
Q1. Define deferred tax asset and how is the value created?
Q2. What is the equation for the Acid test ratio in accounting?
Q3. Define TDS? And where it is shown in the balance sheet?
Q4. What do you mean by Tally Accounting?
Q5. Explain Departmental Accounting?
Q6. State the difference between inactive and dormant accounts?
Q7. Briefly explain three different branches of accounting?
Q8. Define the skills that are needed for an accountant job role?
Q9. Differentiate between accounts payable and accounts receivable?
Q10. What are some of the ways to estimate bad debts?
Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.
Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.
Prepare a master budget for the three-month period.
Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.
Evaluate the Predetermined Overhead Rate
Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.
Complete the schedule to compute the pool rates for the different activities.
Prepare Company financial statements
This individual assignment is based on the TerraCycle Inc.
Discuss the ethical issues
Calculate the GDP in Income Approach and Expenditure Approach
A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.
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