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Q. Measurement in financial statements?
In December 1984 the FASB issued Statement of Financial Accounting Concepts No. 5 The Recognition and Measurement in Financial Statements of Business Enterprises recitation recognition criteria and providing guidance for the timing and nature of information included in financial statements.15 the recognition criteria recognized in the Statement are fairly consistent with those used in current practice. The Statement indicates though that when information more useful than currently reported information is available at a reasonable cost it must be included in financial statements.
i need a program that can be used to collect school fees
Selling the rights to the quantity owing by debtors to a finance company for an agreed amount (which is a lesser amount of than the figure at which they are recorded in the account
How can price inflation effect a university negatively in the future? Like, what are a few things in the university that will be impacted?
Q. Example of Income statement? Income statement demonstrates the income statement Lyons prepared. The focal point in this income statement is on determining the cost of goods
10% preference share 336 ooo ordinary share capital 480 000 prepare a statement of profit or loss
“Ledger is said to be the principal book entry and the transactions can even be directly entered into the ledger account.”
State about the Cash payments journal A special journal used to record any payment of cash. There would be a check number given to be recorded in journal as well. Source docume
Its depends on the credit period of the company i.e. A company credit period 30 days 85 of the debtors collection should be recovered with in credit period. We can say the Effectiv
Distributions to owners are reducing in equity of a particular business enterprise resulting from transferring rendering services, assets or incurring liabilities by the enterprise
Jim owns and manages a small business, which provides an office design service, as well as buying and selling office furniture. Jim is a sole trader who manages all aspects of the
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