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Management: Organizations may not or may exist for the sole reason of profit. Though, information requires of the managers of both types of organizations are approximately the same, since the managerial process that is, planning, controlling and organizing is similar. All such functions have one thing in general and it is that they are all related with making decisions that have their own exact information needs. The emphasis on efficient and effectual management of organizations has considerably enlarged the demand for accounting information. The function of accounting as much as management is concerned was highlighted previous when we discussed regarding management accounting.
AL MASA a sole trader,decided to install a new machine to use within her sole trader business
Amounts paid on June 30 for a 1-year insurance policy. Is this a pre¬paid expense, (2) unearned revenue, (3) accrued expense, (4) accrued revenue, or (5) none of the foregoing.
What is the relationship of accounting and biology?
Difference between Fica and federal income taxes Employers should file Form 940 with the IRS at the end of every calendar quarter. There are several rules about when to turn i
Calculate WACC and Rate of Return Capital Structure: 50% debt and 50% equity financing Current cost of debt is 2% above prime (Prime is currently 2.5%) cost of equity is e
Q. Explain about Cost of goods sold? Cost of goods sold is the main expense in merchandising companies. Note the cost of goods sold segment of the classified income statement i
How do you do journal entries for an item bought on credit and then later returned and the total selling price was 4,275.
Q. Goal of financial reporting? The second goal of financial reporting is to provide information to help present and potential investors and creditors and other users in assess
Though the results of the operations of an exact enterprise can be termed as precisely only after the business has ceased to control, its assets have been sold off and responsibili
Function and scope of the Accounting Standards Board: The major function of ASB is to originate accounting standards so that the Council of the Institute in India may set up su
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