Which the definition of accounting underscores

Assignment Help Accounting Basics
Reference no: EM132680936

Problem 1: The definition of accounting underscores the following concepts, except

a. Accounting is considered a service activity

b. Accounting provides information that is financial in character

c. Accounting vouches the attainability of projection

d. Accounting provides information for decision making

Problem 2: The primary responsibility for the preparation of the financial statements is reposed in

a. Management of the entity

b. Internal auditor

c. External auditor

d. Controller

Reference no: EM132680936

Questions Cloud

Which transactions affect total value of liabilities of firm : Which transactions affects the total value of liabilities of a firm? A special journal contained columns for cash, purchase discounts, and accounts payable.
What seller records the payment of the transportation costs : The common carrier the delivery cost and the terms of the sale is FOB Origin, the seller records the payment of the transportation costs by debiting?
Which is included in a complete set of financial statements : Which is included in a complete set of financial statements? Which of the following is not a reason for sales discounts to be offered to the customers?
What legal and ethical factor support working with diversity : Conduct independent research to explain what legal and ethical factors support working with diversity. How might an organisation or a nation manage these for.
Which the definition of accounting underscores : Which the definition of accounting underscores the following concepts? The primary responsibility for the preparation of the financial statements is reposed iin
Who is the father of accounting and bookkeeping : Numerous errors may exist even though the trial balance columns agree. Which is not one of these errors? Who is the father of accounting and bookkeeping?
Which is not a possible combination of a journal entry : Which is not a possible combination of a journal entry? Which statement regarding a trial balance is incorrect? A subsidiary ledger is
What would you advise trafelco : Trafelco is new to the workforce planning process and has asked you as an hr consultant to help it determine how it can forecast its labor demand and when.
Which statement is true regarding debits and credits : Which statement is true regarding debits and credits? The rules for debit and credit and the normal balance of capital are the same as for liability

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