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Common size Financial Statements:
Below this process, the total of the tasks side and the total of the possessions side of a Balance Sheet are taken as 100 and each item in the exacting side is expressed as a percentage of the total. In further words, the entire Balance Sheet or Income statement is transformed into percentage form and articulated as such. In common-size income statements, all items are spoken as a percentage of total sales, while in common-size balance sheets, all items are uttered as a percent of total assets. The statements organized therefore are recognized as relative common size income statement/Balance Sheet.
Once arranging the data and calculating the percentages, the prearranged data is analysed to draw significant inferences about the operational presentation of the business.
Having discussed the possibility of accounting and its emerging function, we are currently in a position to illustrates as to who is an accountant. In an attempt to reply this ques
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does immaterial items have to be recorded
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Q. What is Current liabilities? Current liabilities are debts due inside one year or one operating cycle whichever is longer. The payment of current liabilities usually require
I am trying to figure out FIFO LIFO and AVERAGE COST of the ending inventory and the cost of goods sold.
1. Double declining method 2. Units of production method 3. Sum of year digit method 4. Straight-line method Depreciation Fund Method Insurance Method Annualy Method
Q. What do you mean by depreciable asset? A depreciable asset is a manufactured asset such like a building, vehicle, machine or piece of equipment that provides service to a bu
how to do
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