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Reliability of accounts statement without preparing cash flow statement and without knowing principle of accountancy?
Wiki User
∙ 15y ago
relevance reliability understandability relevance reliability understandability relevance reliability understandability relevance reliability understandability
Wiki User
∙ 15y ago
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What are the different methods of preparing income statement?
There are two methods of preparing Income Statement. They are:- 1. Absorption costing method. 2. variable Costing method.
How is Accountancy necessary but auditing is luxury?
It is necessary for company to maintain books of accounts and that's why accountancy is a must activity but it is not mandary to conduct audit of financial statement for private companies and only necessary for public companies.
Rudy wrote ideas for his report on preparing a supply kit in case of storms and other natural disasters. Which of these statements would BEST begin a paragraph about preparing a supply kit A)statement 1 B)statement 2 C)statement 3 D)statement 4?
Statement 4
What is the object of preparing the statement of affairs?
i dont no the answer plz say
What is the common denominator for each item on the income statement when preparing a common size income statement?
net income
What is the sources of information used to prepared the income statement?
The Income Statement section of the work sheet is the information source used in preparing the income statement.
Is an aphorism?
A tersely phrased statement of a truth or opinion; an adage. A brief statement of a principle. 👏
As the velocity of a fluid increases the pressure exerted by the fluid decreases this statement is?
Bernoulli's Principle
What are the interrelationships that are important to understand when preparing financial statements?
The net income from the income statement is used in the retained earnings statement.
What is the last step before preparing financial statement in accounting?
trail balance
What is the difference between preparing a trial balance and preparing a balance sheet?
AnswerTrial Balance is a statement showing the closing balances of all the ledger accounts and Balance Sheet is a statement showing the closing balances of Assets and Liabilities.
Methods of preparing statement of Cash flow?
Following are methods:1 - direct method2 - indirect method
