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Why historical cost is still widely used and is the principal method of financial accouting despite its many deficiencies?
Reliability
What did you mean accouting?
Accounting is basically a service based profession that provides reliable and relevant financial information useful in making decisions.
Difference between tally and financial accouting?
1 u push a pencil up your anul other u rape gays
Is work study considered income for financial aid purposes?
Yes, work-study is considered income for financial aid purposes.
What are the different users of accouting information and what are their requirements?
Different users of accounting information include internal users, such as management and employees, who require detailed reports for decision-making and performance evaluation. External users, like investors, creditors, and regulators, need financial statements to assess the organization's financial health and compliance. Additionally, tax authorities require accurate financial data for tax assessment and compliance purposes. Each user group has specific requirements based on their interests and objectives, such as profitability, liquidity, and compliance with regulations.
Relationships determined from a firm's financial information and used for comparison purposes are known as?
financial ratios
Who are financial statements prepares for?
financial statements are prepared by accountants to submit to the government for taxation purposes.
What is the primary purpse of accouting?
what is the primary purpose of accounting
Why is accouting a science?
Because it's quantifiable and reproducible.
Give examples of non financial information that users of accounting information often need?
non financial information in accouting which is used for decision making can explained depending on certain type of industries/companies e.g. non financial information for airline company includenumber of routenumber of passengersnumber of flights per day, week etccomments of passengersetc
Is it illegal to get married for financial aid purposes?
Yes, it is illegal to get married solely for financial aid purposes. Marriage fraud, which includes marrying for financial gain, is a serious offense that can result in legal consequences. It is important to marry for genuine reasons and not to deceive authorities for financial benefits.
How is math used in a salon?
* Payroll* Calculating percentage on sales * taxes * Interests * Billing purposes * Calculating financial capital * Calculating floating accounts* Payroll* Calculating percentage on sales * taxes * Interests * Billing purposes * Calculating financial capital * Calculating floating accounts* Payroll* Calculating percentage on sales * taxes * Interests * Billing purposes * Calculating financial capital * Calculating floating accounts* Payroll* Calculating percentage on sales * taxes * Interests * Billing purposes * Calculating financial capital * Calculating floating accounts* Payroll* Calculating percentage on sales * taxes * Interests * Billing purposes * Calculating financial capital * Calculating floating accounts* Payroll* Calculating percentage on sales * taxes * Interests * Billing purposes * Calculating financial capital * Calculating floating accounts
