0
What else can I help you with?
Is this stament true. Asset accounts are listed on the right side of the accounting equation.?
False. Assets have debit balances which are on the left hand side of a journal entry or trial balance.
Why is matching principle important?
The matching principle is defined as the fundamental concept of accrual basis accounting that offsets revenue against expenses on the basis of their cause-and-effect relationship. It states that, in measuring net income for an accounting period, the costs incurred in that period should be matched against the revenue generated in the same period. I think there are many reasons why the matching principle is very important. One obvious reason is that you could be spending more than you are earning and that could lead to a major loss at the end of an accounting period. If the matching principle is not practiced, the numbers can be misleading and could cause false conclusions.
Only the column totals for special amount columns in a journal are posted is it true or false?
false
Accounting information is used only by external users with a financial interest in a business enterprise. true or false?
false
Is it true or false Under GAAP the accrual system of accounting is used by investors and banks for financial statements.?
Under GAAP, the accrual system of accounting is used by investors and banks for financial statements. True or False?
Is this stament true. Asset accounts are listed on the right side of the accounting equation.?
False. Assets have debit balances which are on the left hand side of a journal entry or trial balance.
What is the code for tori's sixth online journal entry in discovery girls magazine?
link_redirect = false; function loginNavGo(url){ action = "http://wiki.answers.com"+url; new_login(); } www.discoverygirls.com/tori/slime is the last entry!
Why is matching principle important?
The matching principle is defined as the fundamental concept of accrual basis accounting that offsets revenue against expenses on the basis of their cause-and-effect relationship. It states that, in measuring net income for an accounting period, the costs incurred in that period should be matched against the revenue generated in the same period. I think there are many reasons why the matching principle is very important. One obvious reason is that you could be spending more than you are earning and that could lead to a major loss at the end of an accounting period. If the matching principle is not practiced, the numbers can be misleading and could cause false conclusions.
What does false accounting mean?
untruthful records
What are the release dates for Dream Journal False Awakening - 2013?
Dream Journal False Awakening - 2013 was released on: USA: 6 February 2013 (limited)
Only the column totals for special amount columns in a journal are posted is it true or false?
false
The amount of money a business has to spend on accounting determines the number of ledgers used in an accounting system?
false
Is this true or false once a new finding is published in a scientific journal it is still only preliminary?
false
The textual link to the bibliography entry is usually the author's surname true or false?
false
Is this statement true or false It is not necessary to date each entry in your data log.?
False
Does Equality of the accounting equation means that no errors have occurred?
False
Accounting information is used only by external users with a financial interest in a business enterprise. true or false?
false
