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Why is a provision for depreciation made in the financial statements?
A to charge the cost of non-current assets against profits
B to make a provision for repairs
C to make cash available to replace non-current assets when necessary
D to show the current market values of non-current assets
Which error will cause a trial balance not to balance? A an invoice entered as a credit note on original input. B a journal entry that does not balance. C a transaction entere
Read it once and answer, if The following items appear on a balance sheet. $ Inventory balance at bank cash in hand trade
The Bayside Company uses the LIFO cost flow method to value inventory. In the current year, profit at Bayside is running unusually high. The corporate tax rate is also high this ye
Problem It is usually recognized that power is an essential component of accountability and that greater accountability is recognized towards those stakeholders who have more p
ACCOUNTING STANDARDS An Accounting Standard is a elected set of accounting policies or broad strategies concerning the principles and methods to be elected out of numerous subs
What are the golden rule of accounting how to pass journal entry when strating bussines what
Illustrate about the matching principle This principle requires that expenses and revenue be recorded in accounting period in which they occur. For a net income figure to be a
what are the options of setting up companies chart of account
budgeting?
Q. Explain about Purchase returns and allowances? Purchase returns and allowances A purchase return takes place when a buyer returns merchandise to a seller. When a buyer recei
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