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Q. What is Comprehensive income and Revenues?
Comprehensive income is the alter in equity of a business enterprise during a period from transactions and other events and circumstances from non-owner sources. It comprises all changes in equity during a period except those resulting from investments by owners and distributions to owners.
Revenues are inflows or else other enhancements of assets of any entity or settlements of its liabilities (or a combination of both) from rendering services, delivering or producing goods or other activities that constitute the entity's ongoing major or central operations.
Explain the term- CASH SHORT AND OVER This account is used to record both a shortage and overage of cash in cash drawer. When change is made during a business day, mistakes can
difference between credit and debit
Q. What is Owners invested cash? When Metro Courier Inc was structured as a corporation on 2010 June 1 the company issued shares of capital stock for USD 30000 cash to Ron Chan
twhat is debit?
Q. Example on closing process? This problem engross using a work sheet for Green Hills Riding Stable Incorporated for the month ended 2010 July 31 and performing the closing pr
Below is a table with total data for a firm in a perfectly competitive industry. Quantity Total Cost 0 100 10
A store receives $400 cash after offering a chain discount of 10/10/5 on a good. What was the list price? A. $492.20 B. $519.82 C. $533.33 D. $612.00
Compute each of the following amounts Company reported current assets of $80,000, non-current assets of $350,000, current liabilites of $32,000 and long term liabilities of $120,00
#Q. Example on closing process?
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