Various fields of accounting and how do they differ, Financial Accounting

Assignment Help:

1.what are the various fields of accounting and how do they differ?

2. how are revenues and expenses affect the owners' equity account?

3. why are revenues and expenses recorded separately from the owner's equity account?

4. are adjusting entries used in an accrual basis accounting system or in a cash basis accounting system? Why?

Related Discussions:- Various fields of accounting and how do they differ

ACCOUNTING TECHNIQUES, WHAT IS THE MODERN ACCOUNTING TECHNIQUES.

WHAT IS THE MODERN ACCOUNTING TECHNIQUES.

Calculate the required return of the stock, Below given th einformation of ...

Below given th einformation of the stock calculate the required return of the stock. Dividend = $4.50 every year Current sales price of stock = $ 79.85 per share Formul

Trading account, balance sheet format

balance sheet format

Absorbed cost, These are the indirect costs that are related with manufactu...

These are the indirect costs that are related with manufacturing. Absorbed costs involve expenses like insurance, or property taxes for the building in which the production process

Market risk premium, A stock is about to pay a dividend of $2.00. The divid...

A stock is about to pay a dividend of $2.00. The dividend is expected to grow at 15% for the next 7 years, 10% for the following 3 years, 8% for the next 2 years and then return to

Traditional techniques - techniques of inventory control, Inventory Control...

Inventory Control Ratios For reasons of monitoring the effectiveness of inventory management this is useful to look at the subsequent ratios and indexes: Overall Inventory Tu

Corporate enterprise group, Q. Corporate Enterprise group? In order to ...

Q. Corporate Enterprise group? In order to have better and systematic participation of labour in management for improvement in working of Railway system and appropriate changes

Purpose of a budget, 1. Briefly explain what is "utility". Briefly explai...

1. Briefly explain what is "utility". Briefly explain which is worth more, a dollar today or a dollar in the future (in your explanation be sure and explain "why")? How does infl

Resulting trusts-trusts laws and accounts, Resulting trusts Resulting t...

Resulting trusts Resulting trusts occur where equity regards the property which is held by a trustee as belonging in equity to the person who transferred it to, or caused it to

Illustration of admission of a new partner, Illustration of Admission of a ...

Illustration of Admission of a new partner XYZ have been trading as equal partners having capital contributions of £300,000, £250,000 and £200,000 respectively. They agreed

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages