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Q. Describe about accounting. Why is it called language of business?
Accounting is known as -an art of recording, classifying and summarizing transactions and events in a significant manner and in provisos of money. It is known as language of business because the financial performance and the financial position of any company need to be conveyed to the stakeholders of any business concern. This can be done by systematically preparing the financial statements and presenting to the interested parties.
FINANCIAL STATEMENT ANALYSIS Following the preparation of the Financial Statements, they are examined by the business for the reason of analyzing the presentation of the compan
Q. Economic substance of the transaction? In a few business transactions the economic substance of the transaction conflicts with its legal form. For instance a contract that i
10,000 dollar loan at a Maturity of 3 months, an 8% interest rate
I purchased equipment for 3,000 but only paid 1,000 of it and put rest of it on an account. how would I put that into a asset=liabilities+ owns equity equation?
a physical inventory on december 31 shows 2,000 units on hand. holliday sells the units for $12 each. the company has an effective tax rate of 20%. holliday uses the periodic inv
please tell me assigment tips
how can i determine the total debt of a commercial bank? Which financial statement do i need to look?
what will be the journal entry for this: A debit memo from the bank was received for bank charges P200.00
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
WHO PREPARES A TRADING ACCOUNT AND WHY?
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