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How does general purchasing power differ from current cost accounting?
Wiki User
∙ 9y ago
General purchasing power involves the promise of a buyer to buy at a certain price over the lifetime of their agreement with a seller. Current cost accounting is paying for something based on the current cost of a material. A defense contract might be an example of general purchasing power, whereby the government agrees to buy a number of items at a set price.
Wiki User
∙ 9y ago
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How does a credit machine differ from an ATM?
A credit machine is a machine that uses a credit card for purchasing purposes while an ATM is an Automated Teller and is meant to deposit and withdraw cash from an account.
What is cash basis accounting?
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What are some similarities and differences between a general fund and a special revenue fund?
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What are some similarities and differences between a general fund and special revenue fund?
The General Fund and Special Revenue Funds generally perform the same types of operating services. They are both governmental type funds and therefore use the same measurement focus and basis of accounting to account for and report on their activities. They differ in that the General fund accounts for revenues and other financing sources raised to provide for all day-to-day-operating activities, whereas Special Revenue Funds are used to account for a specific revenue source that must be used only to finance a specified activity
How do reports compiled by special mercantile agencies differ from those of general mercantile agencies?
Special reports are limited to specific businesses or companies and are provided under contract. These reports are more extensive than the general reports and contain background as well as general information.
What are some ways in which accounting for health care organizations especially not-for-profit ones tends to differ from accounting in other industries?
accounting for healthcare organizations in not-for-profit ,tend to differ from accounting in other industries.
How does the accounting treatment of a partner's salary differ from that of an employee's salary in a partnership?
How does the accounting treatment of a partner's salary differ from that of an employee's salary in a partnership?
What is specific accounting principle?
Accounting principles differ throughout the world. Whether you are an accounting student or an investor, you should be aware of the accounting principles that apply in your region.
How does management accounting differ from cost accounting?
Management accounting includes both financial and cost accounting, tax planning and tax accounting. Cost accounting, on the other hand, does not include financial accounting, tax planning and tax accounting.
What is specificity principle?
Accounting principles differ throughout the world. Whether you are an accounting student or an investor, you should be aware of the accounting principles that apply in your region.
How does computerized accounting differ from normal accounting?
Computerized accounting is done using accounting software packages and spreadsheets to compile data; traditional bookkeeping is done in long form using ledgers and accounts receivable and accounts payable forms.
How does a static discharge differ from an electric current?
It doesn't differ at all, an electric current is electricity that is moving in a current and when static electricity is discharged from an object it creates a current from one object to another
Why do accounting systems of different countries differ?
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How does the transaction cycle in the document flow of accounting records differ when moving from retailing to e-tailing?
it doesnt chief
Does sales made on credit cause accounting profit and cash flow to differ?
Yes, because due to sales on credit sales are accounted for when they are occurred while cash is received in some future time that;s why accounting profit and cash flows differ due to recognition timing difference.
How does the course of organizational behavior differ from courses such as accounting?
Orgonisational behaviour is directly diffrent from accounting. that the OB is stands for qualitative aspects of peoples and company, it focus on the behaviour of peoples and orgonisation. but accounting is mainly stands for recording,classifying of the cash transactions or in terms of cash and summerising in significant manner
Why does AC load differ from DC load?
The terms a.c. and d.c. stand for alternating current and direct current, respectively.
