In the double-entry system of accounting, the amounts are to be recorded ascredits and debits. The credit and the debit amount have to be equal. What is tally Accounting? Tally is a software used for financial accounting and is a standard accounting tool developed byTally Solutions. It is ...
Our first and main accounting equation exercise is composed of 5 questions that build one on top of the other, testing you on the balances of assets, liabilities and owner's equity and even a little bit on the effect of profit. Click here for the Accounting Equation Questions and Answers....
Accounting is the process of planning, recording, analyzing, and interpreting financial information. It serves as the backbone of any business, providing insights into financial health and helping to make informed decisions. To help you get familiar with essential accounting concepts, we've created ...
In this Accounting Question Bank Section, the accounting test questions are arranged in the following manner:- 1. True Or False 2 Multiple Choice Questions 3. Explanation 4. Worked Accounting Test Questions And Answers Please remember that for accounting subjects, we should not be just reading it...
The comparison of the results of one accounting period with that in the past is possible when the convention of consistency is adhered to by the business 14. The convention of conservation takes into account all prospective profits and all prospective losses.Categories Uncategorized ...
What is the difference between accounting costs and opportunity costs? What is an opportunity cost? How is it related to efficiency, waste, and standard of living? What would be some opportunity costs overlooked by a large corporation?
I certainly realize that I need to get the vendor to update the app, but I’m starting to feel panicky about Monday morning approaching with a broken accounting system. Anybody have some suggestions? (I did start a ticket on Friday, but I was mistaken about...
The issue with using the Estimate is this feature doesn't give a clear picture of backorders for someone who is not in accounting. It's not feasible for productivity of accurate invoicing or inventory. Is there a window for when the engineers will ...
Finance Interview: Questions and Answers Before we get to accounting questions, here are some interview best practices to keep in mind when getting ready for the big day. 1. Be Prepared for Finance Technical Interview Questions Many students erroneously believe that if they are not finance/business...
In the case of Enron and Arthur Andersen, auditors sometimes fail to find problems that exist, and in some cases might have also failed in their responsibilities as accounting professionals. The Accounting Equation You may have heard someone say "the books are in balance" when referring to a...