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Illustrate the cases of financial accounting
?Enron, an energy-trading business which is based in Texas, and was accused of entering into complicated financial arrangements in an attempt to obscure losses and to inflate profits
?WorldCom, a major long-distance telephone operator in US that was accused of reclassifying $3.9 billion of expenses so as to falsely inflate profit figures that business reported to its owners (shareholders) and to others.
what is accounting
Solve accounting income statement question in single step with given details.. The following are information for the Lotu Wo Company: Net Sales 5
Define the term - LIABILITIES Liabilities are debts owed by business. Paying cash is generally not possible or convenient, so businesses purchase services and goods on credit.
Data evaluation is observed as the most significant activity in accounting recently. Evaluation of data comprises controlling the activities of business along with the assist of bu
What is Time orientation Financial accounting reports reflect position and performance of business for the past period. Essentially, they are backward looking. Management accou
data dictionary
it wont balance
Give me some problems in acoounting transactions so I can answer it.
Q. Explain about Gross margin method? The steps in computing ending inventory under the gross margin method are - Estimate gross margin based on net sales using the similar
Q. What is credit balance? If on the other side the sum of the credits exceeds the sum of the debits the account has a credit balance. For example assume that a company has an
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