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What knowledge should financial accountant have

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Reference no: EM132975798

Questions -

Q1. What are the three factors that can affect your cash flow and business profitability?

Q2. In which account does the unpresented cheque will get recorded?

Q3. What knowledge should financial accountant have?

Q4. Where a cash discount should be recorded in a journal entry?

Q5. What is reversing journal entries?

Q6. What happens to the company's "Cash Account" if it borrows money from the bank by signing a note payable?

Q7. What are the activities that are included in the Cash Flow Statement?

Q8. Explain deferred asset with example.

Q9. What is the main difference between accumulated depreciation and depreciation expense?

Q10. What are the disadvantages of a double-entry system?

Q11. What are the rules for debit and credit for different accounts to increase the amount in your business accounts?

Q12. What are the accounting events that are frequently involved in compound entries?

Reference no: EM132975798

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