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We are here left along with statement (d) that defines an accountant as a professional and emphasize his pre-occupation within management of information for internal utilization as management accounting function and for external utilization as financial accounting function. We are positive; our discussion of accounting like an information system has made it simpler for you to comprehend this responsibility of the accountant. We may explain that information management is not necessarily linked with sophisticated or high tech regions of computers. Undersized firms may 'manage' information without a substantial degree of mechanization or automation. Frequently the role of accounting in small business is not correctly recognized. It is widely identified that a large number of small businesses fail and do not survive beyond some years. One of the main purposes for their failure is that they don't have an adequate information system to assist their managers to control costs, to forecast cash requirements and to plan for growth. Organizations that have poor accounting system frequently find this considerably complicated to obtain finance from banks and outside investors.
Sam is trying to decide whether he should operate his business as a C cor- poration or as an S corporation. Due to potential environmental hazard problems, it is imperative that
Whats the use of accounting in our everyday life?
Distributions to owners are reducing in equity of a particular business enterprise resulting from transferring rendering services, assets or incurring liabilities by the enterprise
Q. Detailed steps for completing the work sheet ? Accountants use these preliminary steps in preparing the work sheet. The following segments describe the detailed steps for com
Determine the term - Working capital and current ratio Determining these ratios would help a business determine if will have enough capital to operate and can meet their debts.
explain the separate set of books method for maintaining joint venture accounts
Stewart Company sold 180 units @ $320 each on October 31, 2012. Cash selling and administrative expenses were $15,000. The following information is also available: The
Q. Explain about Trial balance? Trial balance -- at the close of an accounting period, transactions posted in the ledger areadded up. A trial or test balance sheet is prepared
CALCULATIONS VARIOUS QUESTIONS
.What method of tax accounting used, Taxation
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