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How is bookeeping done in the acconting industry?
Bokkeeping is done on Double Accounting System
Why do you choose acconting as your major?
do you think your education aborad will chanages you ? do you think your education aborad will chanages you ?
Which acconting standard is for cash flow statement?
International accounting standard number 7 is about cash flow statements and how it should be prepared.
What university majors are suitable for people who love math?
Economics, Acconting, Statistics, Operation Research, Information Systems, Data Science
Is coal used in any state in the us?
Coal is used as a source of power in all 50 US states. It is the main source of electric power in the US acconting for ~43%.
Describe accounting for cash and Short-term-investment?
ACCONTING IS TRUE SENSE OF THE TERM IS PART OF EVERYBODY'S LIFE. KEEPING TRACK OF YOUR DAILY EXPENDITUREN IS AL SO ACCOUNTING. OR ACCOUNTING SYSTEM CAN BE DEFINED AS A INFROMATION SYSYTEM WHICH HELPS TO ANALIZE THE TRANSATIONS THAT THE BUSINESS IS ENTERING INTO, HANDLE ROUTINE BOOKKEEPING.
What are some exemples of nonfinancial information that is pften used by management in performance its duties?
income tax regulations requires every business to have an acconting system that can measure the company's income tax return.federal securities law require publicly owned companines to prepare fiancial statements in conformity with generally accepted accounting principles.
What is purpose of acconting?
The purpose of accounting is to accurately record, summarize, and report financial transactions of a business to provide stakeholders with useful information for decision-making, planning, and evaluating the performance of the business. Accounting helps in measuring the financial health of an organization, ensuring compliance with regulations, and facilitating communication with investors, creditors, and other interested parties.
Is total cost different from overhead cost?
Overhead cost is part of total cost and not different from total cost as formula is as follows: Total cost = material cost + labor cost + overhead cost
Is fire a selling cost manufacturing cost direct manufacturing cost indirect administraitve cost fixed cost or variable cost?
Is fire a selling cost, direct manufacturing cost, indirect manufacturing cost, administrative cost, foxed cost or variable cost.
What are the types of cost center?
Production cost centerpersonal cost centerservice cost centeroperation cost centerimpersonal cost centerprocess cost center
Does total cost equal the fixed cost plus the vriable cost divides by volume?
Formula for Total Cost: Fixed Cost + Variable Cost + Semi-Variable Cost if there is no semi-variable cost then fixed cost + variable cost is a total cost. if we devide the total cost with volume as well then it will be cost per unit not total cost
