0
What are the advantages and disadvantages of preparing final account?
Wiki User
∙ 10y ago
+Shows strengths and weaknesses of the business
+Able to work on weaknesses
-Takes time to create and analyse them
Wiki User
∙ 10y ago
Add your answer:
Earn +20 pts
What are the final statements of the business?
final statements are trading account,profit and loss account,balance sheet.
Under what circumstances would bills receivable account and bills payable account prepared while preparing final accounts from incomplete record?
There really is not any reasons as to why there would be an incomplete record. The only way would be from a computer error or just someone providing the incorrect information.
The book of final entry is called?
account
What is matching concept?
while preparing final accounts, accounts should show accruals and prepayments.the net amount for the financial year should be shown in the final accounts
Where establishment expenses must placed in final account?
assets
How do non profit making organizations prepare their final account?
By preparing Receipts & Payments Account, Income and Expenditure Account and a Balance sheet.
What are the duties of the final accounts department in an organisation?
The finance department of a company is responsible for preparing final accounts. The prepare the Balance Sheets and the profit and loss account.
What are the advantages and disadvantages of relux vs dialux?
They are both FREE to use but Dialux is not free to render (trace) images of the final design.
Advantages and Disadvantages of committee organization and functional organization?
Advantages- An employee is managed by one person- Good for organizations with little competition (such as governments)Disadvantages- Slow production- Weak integration in the final productSource: http://www.pmhut.com/organization-structures-in-project-management
Why should I buy my iPad 64gb from AT&T?
I don't think there are advantages to either place. Or rather there are advantages and disadvantages to both places. Look at the AT&T website and go to www.apple.com to review prices and reviews before making your final decision.
Advantages and disadvantages of the matter?
In a situation, present or future considered, there may be clear benefits but there may also be detrimental or unfavourable aspects or features. Often these can be identified, listed and evaluated. Do the advantages outweigh the disadvantages? Are they equally significant? And what is really important in the matter? Sometimes the advantages/disadvantages clearly outweigh the downsides/benefits. However, in many situations both the pros and cons are finely balanced against each other, given that one must accept both the advantages and disadvantages of any decision. In such a situation, the decision-making process can sometimes aided by limiting one's choices, not necessarily to the options which offer the best advantages, but perhaps to those which carry disadvantages that you can happlily live with, making the final selection(s) from that group, if at all.
What is liquidators final account?
The liquidator's final account shows the succession's net assets or deficit.
What is a critical control point when preparing a beef curry?
Which of the following is a critical control point when preparing a beef curry?
What is the explanation for the liquidator's final statement of accounts?
The liquidator's final statement of account is the account of winding up.
What are the final statements of the business?
final statements are trading account,profit and loss account,balance sheet.
Under what circumstances would bills receivable account and bills payable account prepared while preparing final accounts from incomplete record?
There really is not any reasons as to why there would be an incomplete record. The only way would be from a computer error or just someone providing the incorrect information.
What are the advantages of ranking as a method of final choices over random selection?
lWhat are the advantages of ranking as a method of final choice over random selection?
