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What is Internal control - Control of cash
Internal control refers to procedures and methods a business uses to protect its assets.
Checks are written for all transactions except for petty cash. There must only be a small amount of actual cash available-petty cash.
Balance Sheet A balance sheet is a statement for presenting an organization financial position at a particular date, mostly at the end of an accounting period; also calle
BRS - Bank Reconciliation Statement A bank reconciliation statement is a declaration organized by organizations to reconcile the balance of cash at bank in a company's own rec
Q. Change in accounting method for inventory? Occasionally companies vary inventory methods in spite of the principle of consistency. Improved financial reporting is the merely
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
Q. Explain accrual basis of accounting? In certain circumstances companies may perhaps use the cash basis for income tax purposes. All through the text we use the accrual basis
How do I do case problem level 1 for chapter 3 of succeeding in business with Microsoft excel 2013?
Personal Account is an account for use by an individual for their own requirements. It is a relative term to distinguish the said accounts from those accounts for corporate or busi
Explain in detail about the MERCHANDISE INVENTORY Cost of merchandise purchased during an accounting period is debited to Purchases account. To determine VALUE of the goods on
Why to and by using in journal, trading a/c, p&l a/c and ledger?
If you can earn 4 percent, how much will you have to save each year if you want to retire in 35 years with $ 1 million?
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