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Has accounting become too interesting?
In recent years, accounting has become front-page news and has been a key talking point among those connected with world of business. Regrettably, attention which accounting has attracted has been for all the wrong reasons. We have observed that investors depend on financial reports to help to keep an eye both on the performance of the managers and on their investment. What, however, if managers provide misleading financial reports to investors? Recent revelations suggest that managers of some large businesses have been doing just this.
is money deposited to the municipality for electricity current assets
what is the accounting concepts and conventions? and what is the procedure to follow the accounting formats
What is the Fair labor standard act Fair labor standard act (Wages and Hours Law) establishes standards for minimum wages, child labor, overtime pay, required payroll record
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S olvency Ratios (Long Term): These Ratios measure the long term financial provision of the firm. Creditors and Bankers are mainly interested in liquidity. But shareholders, and
Q. Show Timing of expense recognition? The timing of expense recognition The matching principle entail that a relationship exists between expenses and revenues. For definite ex
How to create account for barter transactions? As My Company is providing a service to another company and that company is reimbursing us with his service.
A firm has $200,000 in total assets and $120,000 in owner's equity. What are the total liabilities? A. $80,000 B. $200,000 C. $320,000 D. Cannot be determined from the info
Q. Inventories and revenue recognition? Management make a decision which inventory costing method or methods (LIFO, FIFO, and so on.) to use. As well, management should determi
An inflated budgeted expense account
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