0
How long to keep accounting records for business in the US
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
Who sets US accounting rules?
Financial Accounting Standards Board (FASB) set US GAAP (Generally Accepted Accounting Practices)
Why do you study cost accounting?
Cost accounting tells us about how to calculate the per unit cost of any item produce in manufacturing concern as well as provide the basis for management accounting to help management in short-term and long term decision making process.
What is the purpose of a financial accounting standards board?
The purpose of the Financial Accounting Standards Board is to develop (GAAP) generally accepted accounting principles in the US that are in the public's interest.
What is the purpose of the Financial Accounting Standards Board?
The purpose of the Financial Accounting Standards Board is to develop (GAAP) generally accepted accounting principles in the US that are in the public's interest.
How long do banks keep video footage?
If the system supports compressed digital storage, they may keep them indefinitely (forever) - in the old days of video tape, they would rotate the tapes out every 30 days or so, depending on the budget of the bank. There is no known law (US) restricting the time that private companies can archive records.
What type of accounting system was first used in the US?
For individuals and businesses, accounting records in Colonial America often were very elementary. Most records of this period relied on the single-entry method or were simply narrative accounts of transactions.
What is the accounts principle?
principle is the word which means universally accepted terms that are applicable to all concepts of a particular theory. the principle of accounting states that the these rules of accounting principle helps us to rely on accounting and maintain a uniformity to the records
What is the principle of accountancy?
principle is the word which means universally accepted terms that are applicable to all concepts of a particular theory. the principle of accounting states that the these rules of accounting principle helps us to rely on accounting and maintain a uniformity to the records
How long did it take for accounting to separate from bookkeeping in the US?
Two hundred years, however, would pass before accounting would separate from bookkeeping
Who sets US accounting rules?
Financial Accounting Standards Board (FASB) set US GAAP (Generally Accepted Accounting Practices)
What is the primary accounting setting body in the US?
The FASBis the primary accounting setting body in the US
When was US General Accounting Office Building created?
US General Accounting Office Building was created in 1951.
Is Accounting ingrained in your society and it is vital to your economic system in the US?
is accounting ingrained in our society and it is vital your economic system in the US?
How do you get a name?
Our parents give us a first and often a middle name. Governments require names to keep records of births.
Why do you study cost accounting?
Cost accounting tells us about how to calculate the per unit cost of any item produce in manufacturing concern as well as provide the basis for management accounting to help management in short-term and long term decision making process.
Who set accounting rules?
Financial Accounting Standards Board (FASB) set US GAAP (Generally Accepted Accounting Practices)
When was Gravity Records - US - created?
Gravity Records - US - was created in 1991.
