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There are 10 basic elements. They are 1) Assets 2) Liabilites 3) Owner's or Stockholder's Equity 4) Investments by Owner 5) Distributions to Owner 6) Comprehensive Income 7) Revenue 8) Expenses 9) Gains and 10) Losses.
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What are the basic accounting concept and their implication?
basic concepts of accounting
What are three basic activities of accounting?
What are the Basic Activities of accounting?
What are the 13 basic features of financial accounting?
13 basic features of financial accounting?
What are the fundamental concept of accounting?
basic principle of accounting
What are fundamental concepts of accounting?
basic principle of accounting
Why should you need basic accounting as a business student?
Basic accounting is a requirement for all business majors.
What is the role of math in accounting?
accounting is basic math so you kind of need it to do accounting
What are the basic principles of accounting?
The basic accounting principles is that the accounting transactions should be recorded in the accounting periods Second important principle is record all the expenses and liabilities as soon as they occur.
What are the basic accounting concepts and explain their implications?
what are the implications of accounting principles
What are accounting conversion and concept?
accounting concept are the basic knowledge of accounting on which basis monetry transation are made in accounting book.
What concept is the most basic concept to accounting?
idea is more basic to accounting than the accounting unit or entity, a term used to identify the organization for which the accounting service is to be provided and whose accounting or other information is to be analyzed, accumulated, and reported.
A basic difference between managerial accounting and financial accounting is that managerial accounting?
One basic difference between managerial accounting and financial accounting is that managerial accounting is used internally instead of externally for investors. Managers use managerial accounting to determine what level of output is appropriate for their departments.
