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Why Accounting is a means to an end and not an end in itself?
I think the accounting statement indicates that accounting is merely a tool, or a means, for measuring and determining the state of a business. Accounting is not an end in and of itself. Accounting doesn't define a business' purpose or goal. It's strategy and financing of a business plan that is actually the main purpose.
Advantages of cost accounting?
Cost accounting is a wonderful tool for the management to measure how the company resources has been utilized. It is very useful for the end users also.
Cost of goods sold is determined only at the end of the accounting period in?
The inventory system used to determine the cost of goods sold at the end of accounting period is called Periodic Inventory System. This requires physical inventory check.
Fidelios a hotel accounting syatem how does this accounting system work?
It depends on how you mean...revenue, charges, etc. are posted by category and tallied up at the end of the day; the resulting information is uploaded to accounting software like Siebel and is compiled in a standardized way so that hotel managers, corporate offices, etc. can understand it. How does Fidelio itself do what it does? Storing information in tables, I guess.
What does Force should be a means to an end not an end in itself mean?
When a force is by another
Why should cost be matched with revenues at the end of an accounting period?
You compare income with expenses to see how much profit you have made.
Explain the statement accounting is a mean rather than an end?
Accounting helps businesses perform better. When managers analyze accounting reports and find areas that need improvement they can make the changes to improve their production and financial situation.
When do credit cards expire?
If you mean the card itself, it's usually 1 to 2 years. If you mean the credit you have used, it's at the end or near the end of each month.
What does brown discharge at end of period mean?
It's just the vagina cleanin itself out, nothing to worry about.
What are the primary objectives of the accounting function in an organization?
The primary objectives of the accounting function in an organization are to process financial information and to prepare financial statements at the end of the accounting period.
What does it mean to say that a job is a means to an end and not an end to itself?
It means that the job is only a temporary point where you can make the leap to what career path you choose.
What do debits and credits look like at the end of a period in double-entry accounting?
At the end of the period, double-entry accounting requires that debits and credits recorded in the general ledger be equal.
