Accounting Is A Language of business, Accounting Basics

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Difference of fund flow statement and cash flow statement, Fund flow deals ...

Fund flow deals with transaction within financial year (One year) while Cash flow Statement record only the cash transaction.

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A supplier to the electric utility industry produces power  generators.  The Transportation costs are high.  One  market area includes the lower part  of  the Great  Lakes region

Bank reconciliation statement, even after preparing BRS why does balance as...

even after preparing BRS why does balance as per cash book and balance as per pass book do not tally?

Audit Reports, Why it is important for independent auditor to be a member o...

Why it is important for independent auditor to be a member of a professional body?

Complicated type of business, Q. Complicated type of business? Your stu...

Q. Complicated type of business? Your study of accounting began with service companies as instance because they are the least complicated type of business. You are at present r

Peachtree accounting, what are the options of setting up companies chart of...

what are the options of setting up companies chart of account

Nature of accounting function, An accounting is a service function. The mai...

An accounting is a service function. The main accounting executive through whatever name he is termed as holds a staff position except inside his own department where he exerts aut

What do you mean by liabilities, Q. What do you mean by Liabilities? Li...

Q. What do you mean by Liabilities? Liabilities are the debts outstanding by a business. Usually a business should pay its debts by certain dates. A business acquires many of i

What are the golden rules of accounts, Personal accounts --> Debit the bene...

Personal accounts --> Debit the benefit receiver, credit the benefit giver Real accounts --> Debit what comes in, credit what goes out Nominal Accounts --> Debit all expenses

Calculate the gross margin percentage, Q. Calculate the gross margin percen...

Q. Calculate the gross margin percentage? Calculate the gross margin percentage by using the following formula Grossmargin percentage = Grossmargin/Net sales To show th

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