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Question 1 Define Accounting. Briefly explain the ‘Entity Concept' and ‘Money Measurement Concept' of accountingQuestion 2 What is rectification of errors? List and explain the stages where the errors are deducted for rectificationQuestion 3 Explain the various steps in financial planningQuestion 4 What is inventory management and explain the following
Question 5 Explain the different steps involved in preparation of Fund Flow StatementsQuestion 6 What is cost? Discuss the factors involved in estimating the cost
gershwin coporation obtained afranchise fron sonic hedgeehog inc .for a cash payment of $ 120000 on april 1,2010 . the franchise grants gershwin the right to sell certain product a
1. Ben lost his job when his employer moved its plant. During the year, he collected unemployment benefits for three months, a total of $1,800. While he was waiting to hear from pr
DISSOLUTIONS A partnership may be dissolved due to various reasons which include: Poor trading that has led to losses A partner dying or leaving the firm The time
MUTUAL DEALINGS A right of set-off is allowed where there have been - (a) Mutual credits, debts or other dealings resulting in pecuniary liabilities, (b) Between the debtor an
Received 10,000 contribution from bill london in exchange for common stock What 2 accounts are used
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What is a cash budget? How it is useful in managerial decision making?
what is recorded sales on account of 3,280
Differences between estates and trusts Note particularly the following differences between estates and trusts:— 1. Estate: on the death of a testator or an intestate, all
what is non-current asset
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