What is the importance of accounting data? Explain what can be identified as expenses quickly in accounting. Explain why it is important to analyze each financial transaction of a business and to report it in the Accounting Information System. ...
What is the role of accounting in business? Briefly explain in a summary. Explain what can be identified as expenses quickly in accounting. Explain differences between accounting practices around the world. Explain the basic concepts of an accounting information system. ...
Recoverable amount is the HIGHER of the: Fair value less those expenses relating to the disposal/sale of the asset and Value in use of an asset A simple illustration: Company XYZ has a plant & machinery which has a fair value of $100,000 and estimate that the costs to dispose of the ...
In accounting, goodwill arises when a business is acquired and can never be self-created. Goodwill is an intangible asset and does not include assets that are capable of being separated from the entity and sold.Answer and Explanation: Circumstances under which goodwill ...
athere is a fire starting in your heart 有开始在您的心脏的火[translate] aschokoladensauce dunkel 黑暗schokoladensauce[translate] aThe Effect of Accounting Restatements on Earnings Revisions and the Estimated Cost of Capital 认为的再声明的作用在收入修正和估计的集资费用[translate] ...
Your answer should refer to the main principles of accounting for income tax. Explain the difference between revenues and gains. What are some graphs that highlight how the company derives its gross profit and allows a clear comparative analysis of expenses? A comp...
Expenses = 5000; Furniture = Orignal Cost 50000 ( AD = 15000); 12% Loan given to another company = 100000; Balance in cash. Transactions during 2005: Purchased stock of goods 10000 units @ 8 on credit from Mltd. 50% of the convertible debentures converted to capital on 1stOctober. Sold...
Note: No accounting document is posted when year end carry forward program is execucted. Balances are simply moved to next year without any document getting posted. Let’s understand the use of retained earnings account with example: In below example, GL account 10101 is retained earnings (RE)...
reported in the financing activity section of the accounting statement of cash flows. When Tyco received payments from customers, the cash inflows were reported as operating cash flows. Another method used by Tyco was to have acquired companies prepay operating expenses. In other words, the company...
Accrued expense is a concept in accrual accounting that refers to expenses that are recognized when incurred but not yet paid.