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It is an acceptable accounting practice to treat an expenditure that is not material in dollar amount as an expense of the current period even though the expenditure may benefit several periods?
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∙ 11y ago
True
Wiki User
∙ 11y ago
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What is the difference between governmental accounting and financial accounting?
Governmental accounting is the form accounting practice by government- recognizing inflows as revenue and outflows as expenditure, whereas financial accounting is the accounting work done within an institution.
What are the four area of accounting profession?
practice in public accounting practice in commerce and industry practice in the government practice in education / academe By: Grace Abigail Bautista :)
What are accounting principles?
The Accounting Principles are the assenition rules of accounting and the application of these rules, method & procedures to actual practice of accounting. These Accounting principles have been divided into a. accounting concepts b. accounting conventions.
What si accounting standard?
Accounting Standards are the statements of code of practice of the regulatory accounting bodies that are to be observed in the preparation and presentation of financial statements.
Where did accounting originate from?
Accounting originated in ancient Mesopotamia. The development of accounting stemmed from the development of writing, counting, and money and has been in practice since.
What is the difference between governmental accounting and financial accounting?
Governmental accounting is the form accounting practice by government- recognizing inflows as revenue and outflows as expenditure, whereas financial accounting is the accounting work done within an institution.
What are the four area of accounting profession?
practice in public accounting practice in commerce and industry practice in the government practice in education / academe By: Grace Abigail Bautista :)
Accounting practice on small scale businesses in nigeria?
The generally accepted accounting practice (GAAP) is followed. However when the business is too small, they practice cost accounting system or maintain rough accounts by themselves.
What has the author James Lewis Dohr written?
James Lewis Dohr has written: 'Cost accounting practice problems' -- subject(s): Cost accounting 'Cost accounting, principles and practice' -- subject(s): Cost accounting
What are accounting principles?
The Accounting Principles are the assenition rules of accounting and the application of these rules, method & procedures to actual practice of accounting. These Accounting principles have been divided into a. accounting concepts b. accounting conventions.
Financial accounting theories in practice?
GAAP
What si accounting standard?
Accounting Standards are the statements of code of practice of the regulatory accounting bodies that are to be observed in the preparation and presentation of financial statements.
Where did accounting originate from?
Accounting originated in ancient Mesopotamia. The development of accounting stemmed from the development of writing, counting, and money and has been in practice since.
What has the author Horace R Brock written?
Horace R. Brock has written: 'Cost accounting' -- subject(s): Cost accounting 'College accounting: theory/practice, complete' -- subject(s): Accounting 'Cost accounting; theory/practice' -- subject(s): Cost accounting 'Oil & gas accounting' -- subject(s): Accounting, Gas industry, Petroleum industry and trade 'Individualized performance guide for Cost accounting' 'College accounting; intermediate/advanced' -- subject(s): Accounting
How do you study first year unisa accounting?
Practice practice practice. Work through as many old exam papers possible!
What is creative accounting?
It is "thinking outside the box" when such practice is not permitted. Creative accounting is actually a good description of the practice, as it tends to "create" a picture that is not technically correct from the perspective of the information's intended user.
One example of a procedure which could be adopted in an accounting practice to implement sustainable work practices?
Accountability and punctuality are some procedure that could be adopted in an accounting practice to implement sustainable work practices.
