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Journal Entry method and Memorandum method
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What is MT and MSL in accounting depreciation method?
MT and MSL are two depreciation methods used in accounting. They are based on the linear method of depreciation.
What are the different methods of estimating working capital requirement of a firm?
There are two main methods of estimating working capital within a firm. These include the conventional method which measures cash flow, and the concept of operating cycle.
What is the difference between cash accounting profit and loss and accrual accounting profit and loss?
Cash accounting and accrual accounting are two methods of accounting in cash accounting system all expenses and revenues are recorded when actual cash is paid or received while in accrual profit and loss statement, revenues and expenses are recorded when they are actually occurred and timing of receipt and payment of cash is not important.
How does vat affect the accounting equation?
The VAT can affect the accounting equation in two different ways. The accounting equation is ASSET=CAPITAL+LIABILITIES So, if VAT is OWED from HMRC (receivable) it will be an asset, so the asset will increase and the Capital will increase as well. ASSET+X=CAPITAL+X+LIABILITIES, where X is the amount of VAT received. If VAT is owed TO HMRC (payable), then the liabilities will increase, which means that the capital will decrease with the same amount. ASSET=(CAPITAL-Y)+(LIABILITIES+Y) where Y is the amount of VAT to be paid.
Cost accounting and management accounting?
Cost accounting is a subset of management accounting, although the two are used interchangeably.
What are the methods for accounting inflation?
Discuss the various methods of inflation accounting.
What two continents share the same capital?
Asia and Europe share Istanbul, the capital of Turkey.
What is MT and MSL in accounting depreciation method?
MT and MSL are two depreciation methods used in accounting. They are based on the linear method of depreciation.
What two countries have the same capital?
Every country in the world has a capital city. This is where the country's government will conduct business. There are no two countries in the world that share the exact same capital.
What is the capital of Morocco and Argentina?
Morocco's capital is Rabat and Argentina's capital is Buenos Aires. The two countries do not share any administrative apparatuses.
Which two countries have capital cities that are the furthest away but share a border?
beijing and moscow
What are the different methods of estimating working capital requirement of a firm?
There are two main methods of estimating working capital within a firm. These include the conventional method which measures cash flow, and the concept of operating cycle.
How does vat affect the accounting equation?
The VAT can affect the accounting equation in two different ways. The accounting equation is ASSET=CAPITAL+LIABILITIES So, if VAT is OWED from HMRC (receivable) it will be an asset, so the asset will increase and the Capital will increase as well. ASSET+X=CAPITAL+X+LIABILITIES, where X is the amount of VAT received. If VAT is owed TO HMRC (payable), then the liabilities will increase, which means that the capital will decrease with the same amount. ASSET=(CAPITAL-Y)+(LIABILITIES+Y) where Y is the amount of VAT to be paid.
What is the difference between cash accounting profit and loss and accrual accounting profit and loss?
Cash accounting and accrual accounting are two methods of accounting in cash accounting system all expenses and revenues are recorded when actual cash is paid or received while in accrual profit and loss statement, revenues and expenses are recorded when they are actually occurred and timing of receipt and payment of cash is not important.
What brand logo has two capital Rs on it where the Rs are back to back and share the spine?
Rolls Royce
What should be accounting treatment of an unearned income when the service is provided?
There are two methods of accounting used for small businesses. Cash or accrual based accounting. This is how you treat the income that comes in. If you operate under cash accounting for your taxes, than money that is owed to you doesn't count until it is paid. If on the other hand you do your taxes based on accrual accounting than you include the receivables on the books as income.
What is the capital of spain and greece?
The capital of the Republic of Greece is ATHENS. The capital of the Kingdom of Spain is MADRID. The two nations do not share one capital or one government. They are wholly distinct and self-sovereign nations. The only governmental commonality that they have is EU membership.
