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Q. Explain the Matching Principle?
Matching Principle - A basic concept of basic accounting. In any one given accounting period, you must try to match the revenue you are reporting with expenses it took togenerate that revenue in same time period, or over periods in that you will be receiving benefits from that expenditure. A simple example is depreciation expense. If you purchase a building which will last for many years, you don't write off the cost of that building all at once. In its place, you take depreciation deductions over the building's estimated useful life. Therefore, you've ‘matched' the expense, or cost, of building with the benefits it produces, over the course of years it will be in service.
Q. Bento, Inc. had 500,000 shares of common stock outstanding before a stock split occurred, and 1,500,000 shares outstanding after the stock split. The stock split was a. 2-for-5.
During its financial year ended 30 June 20x7 Beavers Ltd, an engineering company, has worked on several contracts. Information relating to one of them is given below.
Define Case Study of A Company that exports goods? A company exports goods to country K. Your work as an international cash manager needs you to estimate the value of country K
what are the activities?
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Q. Illustrate Accounting ramifications? Accounting ramifications i) Restatement ii) Unable to file on timely basis while go back and determine what periods are effected
Illustration regarding profit that head office can claim E Ltd sets up a branch in Nyeri on 1 July 2001. Goods are sent to branch at an invoice price which is 10% above cost. S
Kevin Murtuagh, manager of an national reservation service for a nationwide chain of luxury hotels, is concerned about productivity of his operation. Analysis of recent historical
A summary of Jarvis Company's December 31, 2013, accounts receivable aging schedule is presented below along with the estimated percent uncollectible for each age group: Age Gro
You are considering whether to replace an existing flow meter in an ongoing operation. A change in the meter will have not affect revenues but will reduce costs. The existing meter
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