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Distinctions between management and financial accounting
We can observe that management accounting is less constrained than financial accounting. It may draw from a range of sources and use information which has varying degrees of reliability. The only real test to be applied when assessing value of the information produced for managers is whether or not it improves the quality of decisions made. Distinctions between management and financial accounting suggest that there are differences between information requirements of managers and those of other users. Though differences undoubtedly exist, there is also a good deal of overlap between these requirements.
Define FBT (Fringe Benefit Tax)? Ans) The tax payable on a non-salary benefit given to an employee or an associate of the employee. The employer is likely to pay any FBT and may
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Compensation for the uncertainties inherent in supply and demand
The ratio of __________ to __________ is an example of a __________ ratio. A. quick assets; current liabilities; leverage B. cost of goods sold; total assets; asset utilization
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Determine the symbols of Net Sales for the Period - Cost of Goods Sold = Gross Profit - Operating Expenses + Other Income - Other Expenses =
Billable expenses are those expenses incurred by you on behalf of your client in performing duties / supply and service. These expenses are recoverable from your customer by way of
Explain the term- Salaries Expense and payment The Accounting Entry for Employee Earnings and Deductions Employer is the "agent" who is responsible for withholding the a
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