accounting basics, Accounting Basics

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What is an accrual?, Accrual basis of accounting means that the costs or re...

Accrual basis of accounting means that the costs or revenues of events are renowned in the period in which they happens; by the cash flows may take place in another accounting peri

Provision for taxation and proposed dividend in fund flow, Treatment of Pro...

Treatment of Provision for Taxation and Proposed Dividend: As preparing the Funds Flow Analysis, the treatment of condition for Taxation and planned Dividend is very significa

What is transposition or slide error explain, Q. What is transposition or s...

Q. What is transposition or slide error explain? When the trial balance doesn't balance try re-totalling the two columns. If this step doesn't locate the error divide the diffe

Define the opportunity cost, Q. Define the Opportunity cost? Opportunit...

Q. Define the Opportunity cost? Opportunity cost -- a useful notion in evaluating alternate opportunities. If you choosealternative A, you can't choose B, C, or D. What is the

The list of accounts below and the unadjusted balances, The list of account...

The list of accounts below and the unadjusted balances of these accounts were taken from the ledger of the Manville Corporation at the end of their accounting period, March 31,

What do you mean by overhead, Q. What do you mean by Overhead? Overhead...

Q. What do you mean by Overhead? Overhead -- a cost that doesn't vary with the level of production or sales and generally a costnot directly involved with sales or production.

Consignment, A of surat consigned goods to b of jaipur

A of surat consigned goods to b of jaipur

Illustrate lcm method, Q. Illustrate lower-of-cost-or-market method? Pr...

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Example of accumulated depreciation account, Q. Example of Accumulated Depr...

Q. Example of Accumulated Depreciation account? Along with other items the trial balance of Korman Company for 2010 December 31 includes the following account balances

A company''s sales volume averages 4, A company’s sales volume averages 4,0...

A company’s sales volume averages 4,000 units per year.  Recently, its main competitor reduced the price of its product to $48.  The company expects sales to drop dramatically

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