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Accounting is defined by the American Institute of Certified Public Accountants (AICPA) as "the art of recording, classifying, and summarizing in a significant manner and in terms of money, transactions and events which are, in part at least, of financial character, and interpreting the results thereof."

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Should months be abbreviated in a sentence?

There is no definite answer to this question. However, most linguists and authors believe that no abbreviations should be used in a sentence. They are used for note-taking, or as headings for letters or compositions. no they should not be abbreviated no they should not be abbreviated


Is it true that the financial statements and the authors report must be made available to stockholders of pubically owned corporations?

Yes, it is true that financial statements and the authors' reports must be made available to stockholders of publicly owned corporations. Public companies are required by law, specifically the Securities Exchange Act of 1934, to disclose their financial statements through regular filings with the Securities and Exchange Commission (SEC). These documents, which include annual reports (Form 10-K) and quarterly reports (Form 10-Q), must be accessible to shareholders and the public. This transparency helps ensure that investors have the necessary information to make informed decisions.


What is an international journal?

All journals are not same. Anyone can start a print or on-line, open access journal and begin to earn by seeking submission fee. Publication in such journals can bring a great disrepute to the author. So check carefully where you are publishing your paper/article.An International Journal has following attributes (Compulsory):(a) An ISSN number(b) Receives recognition and support from a committed editorial board comprising reputed scholars from across the world(c) A well defined (often very strict) peer review process(d) Regular contributions from authors belonging to many different countries(e) Indexing and Abstracting by prestigious internationalagencies(f) International circulation(g) The publisher operates at the international level [Blackwell, Sage, Routledge, Elsevier, Macmillan etc.] or brought out by an international university/institute [Oxford, Cambridge, Standford etc.]A journal brought out by an individual as a publisher or a group of individuals is not international even if it claims to be so.Optional: Impact factor adds a great prestige to the journal. Note that Impact factors are calculated yearly for those journals that are indexed in the Journal Citation Reports.Beware:The substandard journals, with a focus on making money, mislead the authors by mentioning 'impact factor' which is not awarded by Thompson ISI. Either they calculate the impact factor on their own or get it from some agency which dupes unscrupulous but unaware editors of these substandard journals. Unfortunately these journals include the word 'international' in the title itself.


Why some authors says that sales are nominal account?

no sales is not a nominal account. because nominal account says" debit all expenses and credit all income and gain account. " all things which are tangible is call real account. u can touch the goods..Land and Buildings; and Office Machinery A nominal account is account for income and expenses e.g Rent and rates account or subscription account.


What is Bibliographical entry?

A bibliographical entry is a detailed reference to a source used in research or academic writing, providing essential information to identify and locate that source. It typically includes elements such as the author's name, title of the work, publication date, publisher, and relevant page numbers. Proper formatting varies depending on the citation style (e.g., APA, MLA, Chicago). Bibliographical entries are crucial for giving credit to original authors and enabling readers to explore the sources further.

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