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Which of the following is an activity of the Asset Accounting sub-process
The sequence of activity which are followed in an organization,where accounting is pratise.the sequence of accounting procedure used to record classify and summarize accounting information is known as ACCOUNTING CYCLE/PROCESS.
Property disposal
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census
Which of the following is an activity of the Asset Accounting sub-process
Which of the following is an activity of the Asset Accounting sub-process
Which of the following is an activity of the Asset Accounting sub-process
The sequence of activity which are followed in an organization,where accounting is pratise.the sequence of accounting procedure used to record classify and summarize accounting information is known as ACCOUNTING CYCLE/PROCESS.
Property disposal
Activity based accounting is a process in which factory overhead cost is allocated to different departments based on activity performed by those departments rather based on any predetermined rate.
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1. accounting is a service activity, it's function is to provide quantitative information, primarily financial in nature, about economic entities which are intended to be useful in making economic decisions. 2. accounting is the process of identifying, measuring and communicating economic information to permit informed judgments and decisions by users of the information. 3. accounting is the art of recording, summarizing and classifying in a significant manner and in terms of money, transactions and events, which are in part at least, of a financial character and interpretation of the results thereof.
Accounting has been defined as the process of identifying, measuring, recording and communicating economic information to permit informed judgments and economic decisions. The primary purpose of accounting is to help persons make economic decisions. In our society resources must be allocated among and within all kinds of entities. Accounting information provides the basis for making decisions about resource allocation.Accounting information is financial information about economic activities. All economic entities (e.g. businesses, government agencies, families, charitable entities) need such information because it is used for making economic decisions about those entities.11 Hoggett, J.R., Edwards, L., & Medlin, J., Accounting in Australia, Fifth Edition, Chapter 1.
How often is the recording process in accounting?
Which accounting principle directs the depreciation process?