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By electronic fund transfer the collection float can be completely removed the other benefit of electronic fund transfer is instant updating of accounts and reporting of balances as and when needed without any delay.
2) Payment Float: Cheques given but not paid through the bank at any specific time is termed as payment float. Companies can make use of payment float, through issuing cheques, even though it means as per books of account an overdraft beyond permissible bank restrictions. The company must be very careful in playing such float in view of stringent provisions about the dishonoring of cheques and loss of reputation etc.
Archie Ltd manufactures a product called Gizmo. It uses the following direct inputs: Price Quantity Cost per unit of output Direct materials $4 per gram 10 grams per unit $40 per
discuss which of the cost classification is suitable for LunchBreak LTD and why?
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Explain:- Q.1 As a potential investor, what is the problem with different countries having different accounting standards? As the president of a multinational company, what is
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According to the Philadelphia Inquirer, in 2004 the city of Philadelphia planned to spend $14 million to convert the Convention Center into an appropriate venue for the Republican
when assessing Market Value of common stock, is the "market value" the market value when the company sold the stock or the current market value?
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