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Accounting Framework - Convention of Conservation
Conservatism refers to the principle and practices that are established through way of tradition, reluctance to change from established principles and practices & inclination to play safe.
As per this convention accountant does not assess any gain or income until the similar has been realised or converted within money, but at the time of estimating expenses or losses the accountant goes beyond the doctrine of objectivity and makes a subjective estimate of possibility. It is for the purpose, in accounting; proper provisions are always made against current profit for future losses and contingencies.
the following information related to sun ltd.paid-up capital-1000000. earnings of the co-100000. dividend paid-80000. price-earning ratio(pie)-20. no of equity shares-100000.find o
Federal Reserve System The central banking institution in the United States responsible for determining United States monetary strategy, including the setting of interest rates
A/A2 is generally the second- or third-highest rating that a rating agency gives to a security or carrier. This rating indicates that there is a comparatively low risk of default a
You've just won a huge $100 million lottery. You've decided to invest your winnings in the following way: $30 million in real estate, $30 million in corporate bonds and $40 mil
What are "in-market" mergers? A: An in-market merger is one that occurs between two banks operating in similar geographic area, usually a city or metropolitan area. The merged in
W orking Capital Working capital is measured as the difference among organization present assets and its current liabilities. Therefore, it is interpreted by some as a meas
What are the objectives of working capital management? Briefly explain the various elements of operating cycle.
SEC is the Regulatory body for investor protection in the United States which is created through the Securities Exchange Act of 1934.
QUESTION 1 [25 marks] Xelo Ltd, whose current sales consist of fixed operating costs of R140 000 and variable operating costs equal to 22% of sales, has made the following two sale
Fundamentals of Structured Product Engineering 1. (a) Let r m denote the m month swap rate (or Libor rate). Subsequently the 3 × n month forward rate f (3 ×n )
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