Consumers, Accounting Basics

Assignment Help:

Consumers and others: Consumers' organizations, welfare organizations, media and public at huge are also interested in condensed accounting information so as to appraise the efficiency and social responsibility of the enterprises in various sectors of the economy, that are: what levels of profits and outputs are being attained, in what manner the social responsibility is being discharged and in what way the growth is being planned through the enterprises in-accordance along with the national priorities and so on.

The above discussion perhaps has pointed to you that the information requirements of the various users may not essentially be the same. Occasionally, they may even conflict and done with each other. In any condition, the objective of accounting information is to enable information users to create optimum decisions.


Related Discussions:- Consumers

Concepts of accounting, Q. Concepts of accounting? - The major underlyi...

Q. Concepts of accounting? - The major underlying assumptions or else concepts of accounting are (a) business entity (b) going concern (continuity) (c) money measurement (d) st

Net present value, Having trouble with word problem: Planned Acquisition ...

Having trouble with word problem: Planned Acquisition cost $2.1M Salvage Value $0 16% discount rate savings = year end Savings: year 1 150k year 2 175k year 3 300K year

Meaning of invoice?, Invoice is a text which haves the under mentioned deta...

Invoice is a text which haves the under mentioned details compulsorily. 1. Invoice Number 2. Name and address of the person 3. Invoice date Name and address of someone

Show effects of transaction, Q. Show Effects of transaction? A prepaid ...

Q. Show Effects of transaction? A prepaid insurance, asset, increases (debited) and cash, decreases (credited), asset by USD 2400. The debit is to Prepaid Insurance relatively

061689 bussines accounting and you all i need detail, 061689 bussines accou...

061689 bussines accounting and you All i need detail how to do it i watch video but im not understanding if anybody have more specific explanation details

Accounting Principles, what are the implications of applying accounting con...

what are the implications of applying accounting concepts wrongly

Rent account, i need to pay rent for 3 year 2011,2012,and 2013. am in 2012 ...

i need to pay rent for 3 year 2011,2012,and 2013. am in 2012 1 December. what entries will be there for rent account and the rant account balance amount

Completing the accounting cycle, Q. Completing the accounting cycle? Su...

Q. Completing the accounting cycle? Subsequent to studying this chapter you should be able to - Recapitulate the steps in the accounting cycle. - Organize a work sheet fo

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd