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Q. Define Economic and financial decisions?
You most likely will find that of all the business knowledge you have acquired or will learn the study of accounting will be the most useful. Your economic and financial decisions as a consumer and student involve accounting information. While you file income tax returns accounting information assists determine your taxes payable. Understanding the discipline of accounting is as well can influence many of your future professional decisions. You can't skip the effects of accounting information on your personal and professional life.
Every profit seeking trade organization that has economic resources such as machinery, money, and buildings uses accounting information. That's why accounting is called the language of business. Accounting as well serves as the language providing financial information about not-for-profit organizations such as churches, governments, charities, fraternities, and hospitals. Though, this text focuses on accounting for business firms.
The book of Deven Verma could not be tallied. The accountant transferred the difference of Rs. 1,270 in the suspense account on the debit side. The following mistakes were found la
Standards at International Level: In view of the development of international trade and multinational enterprises, the requirement for standardization at the international level w
#question STATEMENT OF COMPERIHENSIVE INCOME
explain how accounting information may be used when an owner wants to justify a price in one of their lines of house paint
1. What is a bank? 2. What bank overdraft?
In 1973 and independent seven-member full-time Financial Accounting Standards Board (FASB) replaced the Accounting Principles Board. The FASB has published numerous Statements of F
#questionThe book of Deven Verma could not be tallied. The accountant transferred the difference of Rs. 1,270 in the suspense account on the debit side. The following mistakes were
ASSIGNMENT
You have learned about the business and its proprietor is reacted as separate entities. It implies that separate accounts must be kept in the ledger for recording transactions amon
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