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Consistency Concept In practice, there are some manners to record an event or a transaction in the books of account. For illustration, the trade discount on raw material purch
Split common stock 4 to 1 and reduced PAR from $80 to $20. After the split there were 600,000 shares.
Explain the meaning of Payroll Deductions There are numerous deductions taken from an employee's earnings. These are deducted by employer before employee receives a check. D
Financial accounting reports are mandatory to be prepared by the firms, and are scrutinized by auditors, creditors or Government or Tax authorities. But management accounting recor
What is Time orientation Financial accounting reports reflect position and performance of business for the past period. Essentially, they are backward looking. Management accou
Case Study Labor standards Geeta & Company has experienced increased production costs. The primary area of concern identified by management is direct labor. The compa
Sales taxes and Schedule of accounts receivable Schedule of accounts receivable Accounts Receivable and individual accounts should match. Only accounts which have
How can price inflation effect a university negatively in the future? Like, what are a few things in the university that will be impacted?
define accounting. Explain the accounting concepts which guide the accountant at the recording stage.
i dont undrstnd t concepts of assets and liabilties n also journal entries thnks
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