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Q. Describe about Cash role in balance sheet?
Cash includes deposits in banks obtainable for current operations at the balance sheet date plus cash on hand consisting of un-deposited checks, drafts, currency and money orders. Cash is the primary current asset to appear on a balance sheet. The term cash usually includes cash equivalents.
Q. What do you mean by Aging? Aging -- a process where accounts receivable are sorted out by age (typically current, 30 to60 days old, 60 to 120 days old and so on.) Aging perm
Accounting Principles are the rules and guidelines that companies should follow when reporting and accounting financial data. The general set of accounting principles are the gener
Q. Understand how to account for transportation costs? FOB terms are particularly important at the end of an accounting period. Goods in transit after that belong to either the
I AM HAVING DIFFICULTIES SOLVING ONE PARTICULAR ACCOUNTING PROBLEM
uses of accounting as a software enginner
The Bayside Company uses the LIFO cost flow method to value inventory. In the current year, profit at Bayside is running unusually high. The corporate tax rate is also high this ye
what would be the entry for-"rent recieved in advance"
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Q. What is Cost-benefit? Cost-benefit The cost-benefit consideration engrosses deciding whether the benefits of including optional information in financial statements exceed th
it wont balance
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